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Risk Management with Ken Gavranovic

Risk Management with Ken Gavranovic

Released Wednesday, 29th April 2020
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Risk Management with Ken Gavranovic

Risk Management with Ken Gavranovic

Risk Management with Ken Gavranovic

Risk Management with Ken Gavranovic

Wednesday, 29th April 2020
Good episode? Give it some love!
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Ken Gavranovic was the Executive Vice President and GM for product at New Relic. In early 2019, Ken and I were in Boston together for an event, and we recorded an interview discussion about Risk Management in modern digital applications.

Both Ken and I have experience dealing with Risk Management issues in current and past assignments. I discuss Risk Management in my book, Architecting for Scale. Ken used a very similar risk management technique in his past corporate management gigs. In this interview, we compare notes and make recommendations on best practices for Risk Management that everyone can use.

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Risk Management Interview

Ken: I know we both talk to a lot of customers. One of the questions is, where do I get started? What are some of the patterns we see in enterprises and our own experiences? We have an awesome opportunity to talk to a lot of companies doing digital transformation, but what is something that I can just go do tomorrow to get started?

Lee: One of the things I find it’s very easy to wrap your mind around is risk management. How do you build a risk matrix to track the issues and the risks you have within your system? I like to talk to companies about that because it gets people starting to think about what their system is doing, what problems they have, and how they deal with them. It gets them thinking beyond just the problem/resolution cycle, and more into a pro/con and risk assessment process. What is the benefit of fixing something versus the benefit of mitigating it versus the benefit of simply ignoring it? I like to talk about that because it gets conversations going within the company about the sorts of things that are important to them.

Creating a risk matrix is an important first step for anyone who is thinking about trying to improve their availability, trying to improve their scalability, or trying to modernize their application in many different ways. It helps get a grip on the issues that already exist in your system and what you are currently doing to manage those risks.

Ken: I 100% agree. I remember in a previous role, I had a couple hundred-million-dollar project, I had some challenges. We created a risk matrix which helped us solve those challenges. So I thought it might be helpful for people watching this video. Let’s double click and see what this might look like.

From my perspective, I think the key questions that need to be asked, those questions need to be asked in a bottoms-up way, not top down. Agreed?

Lee: Yes, definitely.

Ken: It’s not people at the top of the organization that are giving you the answers. It’s the team level that gives you the answers you need. Let me give you my shot and tell me where I miss.

First of all, the things that can go into the risk are the things that can go bump in the...

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