孫子曰：故不盡知用兵之害者，則不能盡知用兵之利也。
Sun Zi said:
If one is not thoroughly aware of the evils of war, he cannot thoroughly understand the benefit or the successful way of carrying out a war.
Parallel to Project Management
When deciding to work on a project, we need to fully understand the risks associated with the project. If one does not properly assess the risks, he cannot evaluate fully the benefits associated with the project. For example, a project may be very desirable if we just consider the benefits alone. However, if it carries a lot of risks that cannot be properly mitigated or eliminated, to the point that there is a slim chance of success considering all these risks, then the ultimate benefit from the project will becomes doubtful. It may then not be wise to proceed with the project.
Therefore proper risk assessment is an important aspect of successful project management.
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