noun
circumspection
sur-kuhm-SPEK-shuhn/ˌsɜːrkəmˈspekʃn/
Careful attention to risks and consequences before acting.
The carpenter checks the ladder's balance with circumspection before climbing.

Etymology
Literally a “looking around,” circumspection connects observing one's surroundings with considering probable consequences. That broader attention becomes caution in choosing what to do or say.
In context
troops March up angrily and remain facing ours for a long time without either joining battle or taking themselves off again the situation is one that demands great vigilance and circumspection
More examples
- She approaches unfamiliar investments with circumspection.
- A little circumspection before replying can prevent an awkward argument.
- The hikers show circumspection by checking the forecast before leaving.
Forms
circumspection
circumspect adjective — Careful about possible risks and consequences.