Data or information by itself is meaningless. For it to be useful, we need to add context. This is the difference between information and intelligence: once we've analyzed the information and put it into context, the resultant intelligence gives us an understanding of a situation.  Developing this context can be difficult but this technique of applying different lenses will help you establish context and put your information to work quickly.

Instead of wishing bad news away, or trying to assert your will over something that's outside your control, focus on what you can control and respond appropriately. That will keep your preparations and response to whatever comes at you grounded in the real world, not built on a fantasy of control that doesn't exist.

I started the KISS risk management project five years ago with the idea that risk management was being made too complicated and there were too many gatekeepers in the way. So after five years, I thought it was worth taking stock and seeing what I've learned along the way. I've summarized five big things I've learned below - all of which are, hopefully, takeaways that will benefit you too.

Apply the 80/20 rules to your risk management portfolio. That's going to help focus on what's most critical and identity the mitigation that will give you the most bang for your buck.