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Risk management - a human psychology approach E-mail
We thus bring forward the human nature – primary factor of uncertainty in a project. Let us not forget that arrogance, ignorance and fear are considered to be primary risk elements within any project.
Let us take for example temperament. Without going into such an analysis for the moment, we mention that temperament is a form of manifestation of personality under the aspect of energy, quickness, regularity and intensity of the psychic processes. It is the dynamic side of personality with influence on the character.
The classical classification assigns four types of temperament:
- Sanguine – quickness, liveliness, calm, intensity of emotions and shallowness of feelings, instability of interests and inclinations, easy distribution and commutation of focus, maximum adaptability, endurance, maintenance of endurance and psychic balance.
- Phlegmatic – calm, slow affective response, durability of feelings, natural patience, inclination towards routine, refuse towards changes.
- Melancholic – reduced work capacity in conditions of overstress, low neuropsychological endurance, acute sensitivity.
- Choleric – no self control, impulsiveness, agitation, tumultuousness, impatience, emotional explosiveness, oscillations between impetuous activism and depression, inclination towards alarm states and anguish.
The temperament is influenced by aspects of genetics, experience, chemical substances in the body at a certain point. Closely connected with temperament is the attitude towards risk. Each person has a natural preference towards risk, preference which depends on one’s own temperament. By knowing a person’s preference towards risk, we can anticipate which choices they are going to make.
The attitude towards risk can be of three types:
- Risk averse: It shows a conservatory attitude towards risk, with preference for safe results.
- Risk seeking: it shows a liberal attitude towards risk, with preference for speculative results.
- Risk neutral: It shows an impartial attitude towards risk, with preference for future results.




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