From Pankaj Ghemawat, "World 3.0," if you are designing a risk management system you really need to consider:
A = Alarms: early warning systems that things might be going wrong
B = Breakers: to curb contagion like circuit breakers for electricity
C = Cushions:Â ways to soften the impact if the projected risk actually happens especially for those areas that will sufer most from the impact.
This book is crammed full of thought-provoking facts. For example, "Nearly 80 percent of India's IT exports go to the United States and United Kingdom." It certainly made me re-examine whether my view of the inevitably of India's dominence in software engineering was simply a prodcut of my own British-American perspective. I certianly advise anyone interested in import/export business to look at the cartogram based on CAGE distance in the book and maybe to access the calclulation system on Ghemawat's website www.ghemawat.org