Safe Bet
Objective
We commit ourselves to fully achieve the objective because this is a domain we are very familiar with.
Bets and Objectives: Safe Bet • Small-Risk Bet • Medium-Risk Bet • Large-Risk Bet • Crazy Bet
Purpose
When we undertake a Safe Bet, it implies a deep-rooted confidence in our capability to deliver. This confidence stems from our extensive experience and knowledge within that particular domain. In such scenarios, we are not experimenting but rather capitalizing on tried and tested methodologies, ensuring outcomes that align with our expectations.
Notes
“Safe” is anything with a chance of succeeding between 90% to 100%.
Rules / Constraints
We have not (yet) defined rules or constraints.
Featured
“Management by objective works—if you know the objectives. Ninety percent of the time, you don't.”
(Source: Peter Drucker)
“Eliminate numerical quotas, including Management by Objectives.”
(Source: W. Edwards Deming)