[mrazomor]

From your experience, what's usually done when new projects start?

What I've seen, people focus on the business requirements and only the obvious risks. That's for the regular projects.

I have seen Munger's proposal in practice. In form of intentionally breaking production (in a controlled manner) to uncover unknown issues (similar to Netflix's Chaos Monkey), and in form of think tanks with senior engineers who take time to think about potential reliability issues.

What Munger describes is exactly the latter approach. From my experience, it's done very rarely. And never in some companies. While Munger advocates to do it for every project.