Value Risk
The risk that the product being developed will not deliver sufficient value to the users, meaning it won't meet their needs or solve their problems.
23 topics found for
“risk avoidance”
KYC
Know Your Customer (KYC) is a process used by businesses to verify the identity of their clients and assess potential risks of illegal intentions for the business relationship.
Compliance
Adhering to laws, regulations, and guidelines relevant to business operations and product development.
Information Bias
A cognitive bias where people seek out more information than is needed to make a decision, often leading to analysis paralysis.
Base Rate Fallacy
A cognitive bias where people ignore general statistical information in favor of specific information.
Assumed Similarity Bias
A cognitive bias where people assume others share the same beliefs, values, or preferences as themselves.
Surrogation
The process by which a measure or metric comes to replace the underlying objective it is intended to represent, leading to distorted decision-making.
McNamara Fallacy
The error of making decisions based solely on quantitative observations and ignoring all other factors.
Lower Environment
A non-production environment used for development and testing before deployment to production.