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What's Your Happy Fun Ball?

Remember this little sketch from SNL?

Where does one strike a balance of communicating potential risks to alert stakeholders and going overboard to the point of being labeled Chicken Little?  Project risk management is challenging.  We try to educate people about what can go wrong, and sometimes the messenger gets shot.

I've found the following criteria (and some relevant links) for analyzing and communicating risks and issues:

So, what is your happy fun ball?  How are you communicating it?

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