The Governance of Uncertainty™ addresses questions such as:

  • How much uncertainty is acceptable?
  • Who owns the authority to make probabilistic decisions?
  • Who can stop a process when risk becomes unacceptable?
  • What happens when the model is wrong?
  • Where does expertise reside?
  • Can critical decisions be reconstructed and defended?
  • Can the organization still perform when expected conditions no longer exist?

The challenge is not eliminating uncertainty. The challenge is governing it.
Organizations that learn to govern uncertainty effectively will continue to make sound decisions even
when outcomes cannot be known in advance. Those that do not may discover that traditional controls
are insufficient when probability replaces certainty.