Case Interviews
Should risk be a separate bucket in a case framework?
I'm trying to avoid adding a generic 'risks' bucket to every case. Should risks instead sit inside the relevant parts of the framework? And in the final recommendation, should I mention only risks that came up during the case or add new ones too?
Ian’s Answer
Love your comment on “mechanical” here.1. Is risk always needed to be a bucket in the case structure? To the contrary, risk should NEVER be a bucket in your framework.Risks are inherent to every bucket. Does competition carry risk? Doesn't customer carry risk? Market? Company? External? Internal.I personally advise against risks in a bucket…it's not how consultants run projects (i.e. framework in real life) and it's not how you should setup your case!2. Is risk always needed to be a bullet point in the final recommendation? (e.g. recommendation > risk > next step)Yes. I recommend you have 2 risks.3. What risk factors should I mention in the final recommendation? Yes, something discussed…AND something directly related to the recommendation and not generic.