This morning I asked my partner what they were doing today.

“I’m taking my son to get new school shoes but it clashes with something else. It will be a pain”

“When does he start back to school?”

“Next Thursday. We have plans for the weekend and I’m working Monday and Tuesday. I could get the shoes on Wednesday but if I have a problem, it will not be possible.”

Next Wednesday is the last IRRESPONSIBLE moment to get the shoes. If anything goes wrong it won’t be possible to recover in time.

Today is the last RESPONSIBLE moment. If something goes wrong, we can sort it out at the weekend.

Unfortunately many people think the last IRRESPONSIBLE moment is the last RESPONSIBLE moment.

The last responsible moment has options.

The last irresponsible moment does not have options.

About theitriskmanager

A IT programme manager specialising in delivering trading and risk management systems in Investment Banks. I achieve this by focusing on risk rather than cost. A focus on costs can lead to increased costs. View all posts by theitriskmanager

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