The quote in the title is from Tim Lister. It says volumes about project management and project failure. It also means that managing risk is managing in the presence of uncertainty. And managing in the presence of uncertainty means making estimates about the impacts of our decision on future outcomes. So you can invert the statement when you hear we can make decisions in the absence of estimates.
For those interested in managing projects in the presence of uncertainty and the risk that uncertainty creates, here's a collection from the office library, in no particular order
- DOD Risk Management Guide V7
- Software Engineering Risk Management
- Risk Happens
- Making Hard Decisions
- Effective Opportunity Management for Projects
- Effective Risk Management: Some Keys to Success
- Technical Risk Management
- Project Risk Management: Process, techniques and Insights
- Managing Risk: Methods for Software Systems Development
- SEI: Continuous Risk Management
