Dumb Data: Risk Management Checklist

This is a list of everything necessary to manage risks that may come from unknown sources.

Organizational needs tend to practice this list as well, but way more in-depth with entire departments managing them:

• Occupational risk – the risk of doing something in the first place
• Inherent risk – the raw risk before any controls are put in place
• Operation risk – the chances of an organization’s procedures failing
• Concentration risk – too many assets connected to one entity/client
• Legal risk – the chance of lawsuits or legal action
• Reputation risk – the dangers of a defiled public image

Risk management involves treating or avoiding loss exposures:

1. Avoiding risk – simply not performing an activity that could carry a risk (e.g., general safety practices, legal safety).
2. Reducing risk – using risk control techniques to mitigate the scope of those risks (e.g., preventative efforts, installing fire sprinklers, security systems).
3. Retaining risk (self-insurance) – holding yourself financially responsible for all or part of a risk (e.g., saving money).
4. Sharing risk – proportionally distributing risk among multiple individuals according to investment or need (e.g., communal lifestyle, coinsurance/risk sharing agreement).
5. Transferring risk – arranging a contract for someone else to take the risks entirely (e.g., paying a fee to an insurer, subcontracting work to another entity, a lease arrangement).

Please note, this only creates meaning if it’s for others’ benefit, or it’s simply the never-ending motivation of fear. It’s also fear when it doesn’t respect others’ decisions to expose themselves to risk.

Most of this checklist revolves around the security from avoiding and reducing risk, since preventing risks is much less work than trying to resolve them once they’ve happened.

General

• Have spares and extras of anything that may fail or deplete.
• Keep direct contact information available for anyone who may need to know information in any emergency.
• Have extra room in every system or object for growth or excessive load.
• Never permit complete depletion of anything whatsoever (e.g., refill fuel at 1/3 tank).
• Add extra time for all predicted tasks.
• Say “no” to all obligations at even the slightest chance of non-fulfillment.
• Replacing all things before they need fixing.
• Ensuring everyone gets enough sleep, nutrition, and exercise.
• Never permitting any system to get to 100% utilization or capacity.
• Terminating meetings at least 10 minutes earlier than future scheduled meetings.

Survival Basics

• Have a sufficient group of friends or family you’re in steady contact with.
• Maintain cooking skills.
• Consistently maintain cleaning and organization habits.
• Have a skill that’s both marketable and in demand.
• Have a well-maintained means of conveyance to acquire goods you require, as well as a backup plan.

Mental Basics

• Inner conflicts aren’t enough to interfere with creating results.
• Have inner peace that’s free of risk management thoughts.
• No chance of being overwhelmed by a steady flow of information.

Long-Term Survival

• Have all your money-based paperwork together.
• If any risk is likely, have a plan for the next step after it happens.

Crisis Preparation

• Budget for emergencies.
• Install safety fixtures (e.g., fire extinguisher).
• Keep emergency supplies.
• Prepare mentally for specific survival situations.
• Always work with recommended safety equipment.

Financial Protection

• Have sufficient insurance policies to protect all your possessions.
  • Auto
  • Health
  • Disability
  • Life
  • Homeowners/Renters
  • Long-Term Care
• Have as few debts against as few assets as possible.
• Keep enough liability insurance to protect against the most financially disastrous thing you could cause to others.
• Your investments are diversified across safe, boring industries that serve staple needs.
• Have your retirement and succession plan in place.

Specializations

• Have a network of top-class professionals to manage your things:
  • Insurance agent
  • Attorneys for all necessary specializations
  • Realtor
  • Accountant – tax advisor, accountant, estate manager, and auditor
  • Mechanic
  • Business advisors
• Have some type of business relationship for every specialization you may need that you’re not an expert in yourself.
• Your service providers are aware of the grander purpose of why they perform the service.

Protecting From Conflicts

• Behave appropriately and tactfully with everyone.
• Have experience defusing conflicts.
• Maintain legally safe habits.
• Every possession you own is legally approved.
• Carefully examine every agreement you sign, and only sign it with groups you trust.
• Never agree to anything unless you’re fully certain you can fulfill it.
• All your agreements are with people who stay legally safe and live morally.

Protecting From Malicious People

• Keep your computer safely maintained.
• Keep your personal information private, from scammers and Big Tech.
• Keep a portable firearm, with experience using it.

Protecting From The Unknown

• Prepared for the collapse of society, either through stockpiling and prepping or staying mobile.
• Reconcile with God.