<ul><li>A PreMortem is a structured foresight exercise where participants assume a project has failed and identify reasons for its failure.</li><li>PreMortems are valuable during the decision-making stage to neutralize overconfidence and surface hidden risks in a safe environment.</li><li>Steps to run a PreMortem session include assembling the right team, explaining the technique, painting a future failure scenario, collecting feedback, analyzing and synthesizing insights, and creating an action plan.</li><li>PreMortem is not about being pessimistic but being prepared, uncovering unspoken risks, and balancing optimism with realism before making significant decisions.</li></ul>

The Missing Step Before Big Bets: Why PreMortems Belong in Product Toolkit

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