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What are the ways that you would respond to the uncertainty of risk and how would you manage positive risks different than negative risks?

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There are positive risks and negative risk in your project. Positive risks are those things that can have a positive outcome and provide a previously unseen opportunity. Negative risks are those things that can have a negative outcome and are a threat to successful project completions. What are the ways that you would respond to the uncertainty of risk and how would you manage positive risks different than negative risks? Please describe these approaches.
asked 5 years ago by anonymous edited 5 years ago by FastProjectManager

1 Answer

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The best way to respond to risk of any kind would be to have a sound risk management plan that is reviewed at some regular intervals.  You might check http://blog.theprojectnotebook.com/2007/08/risk-management-methodology-part-i/ and http://blog.theprojectnotebook.com/2007/08/risk-management-methodology-part-ii/.  In the event of positive risks, these are to be encouraged and evaluated in the same way - the "mitigation strategy" is to take full advantage of them.
answered 5 years ago by sdcapmp (45,840 points)

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