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circumspection (n.)

late 14c., "careful observation of one's surroundings, attention to details and probable consequences" (with a view to choosing the safest course), from Old French circumspection (Modern French circonspection), from Latin circumspectionem (nominative circumspectio) "a looking around; foresight, caution," noun of action from past participle stem of circumspicere "to look around," from circum "around, round about" (see circum-) + specere "to look" (from PIE root *spek- "to observe"). 

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Definitions of circumspection from WordNet

circumspection (n.)
knowing how to avoid embarrassment or distress;
Synonyms: discretion / discreetness / prudence
circumspection (n.)
the trait of being circumspect and prudent;
Synonyms: caution
From wordnet.princeton.edu