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What is a negative risk?

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Please explain to me what a negative risk. I read the term somewhere and I became perplexed. Shouldn't all risk be negative by nature? And if there are negative risks, then are there positive risks? If yes, then how do negative risk differ from positive risks, and which one does the project manager need to manage?
asked 5 years ago by anonymous

1 Answer

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Not all risks are negative: risks can both be negative and positive. A negative risk, also called a threat, is a risk that, if materialized, will hurt the project. A positive risk, on the other hand, is called opportunity. It is a risk that, if materialized, will benefit the project. Note that both risks need to be managed otherwise they will both hinder the progress of the project, regardless of whether they are positive or negative.
answered 5 years ago by MaplePM (46,940 points)

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