![]() The “known” are knowledge that the project already has. This word play may be a bit confusing for you at first, but it is important to understand it in order to practice effective risk management. ![]() In this article, I will show you exactly what this play on words means and what connection it has with risk management. In risk management you have to deal with the “known unknowns” and the “unknown unknowns”. The use of this confusing statement has been criticized by many. Rumsfeld made this statement at a press conference on 12 February 2002 when he announced that there was no evidence that Iraq was supplying weapons of mass destruction to terrorist groups. But there are also unknown unknowns – the ones we don’t know we don’t know.” (Former United States Secretary of Defense, Donald Rumsfeld) We also know there are known unknowns that is to say we know there are some things we do not know. There are known knowns there are things we know we know. Was he deliberately trying to confuse the audience with this unusual quote? What Are the Known Unknowns?ĭonald Rumsfeld has made this wordplay so well known. What does this wordplay have to do with risk management and why is it important to understand it? In this article you will learn an elementary basis of risk management, which will make risk management in your project even more successful. The Known, the Known Unknowns and the Unknown Unknowns.
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