The pre-mortem method is a risk assessment approach where project teams envision project failure and list possible reasons for that failure. This exercise often uncovers surprising issues that lead to valuable insights. While widely adopted in various fields and endorsed by notable figures, the method encourages a focus on risk aversion. Emphasizing the need for balance, a double-barreled pre-mortem approach promotes bold decision-making alongside risk avoidance, suggesting that organizations should foster insights rather than solely reduce errors.
The pre-mortem method involves team members imagining a project failure and identifying reasons for that failure, usually surfacing unexpected and valuable issues.
Despite its effectiveness in risk assessment, the pre-mortem method tends to promote risk aversion, which may hinder bold decision-making in organizations.
The double-barreled pre-mortem approach encourages organizations to balance risk aversion with boldness, enhancing insights and fostering a culture of constructive feedback.
Endorsement from Nobel Prize winners Daniel Kahneman and Richard Thaler has contributed to the pre-mortem method's popularity across different fields as a risk management tool.
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