Extending the risk process to manage opportunities
By: HILLSON, David
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Material type: 
ArticlePublisher: 2002Subject(s): Risk Management | Risk | Threat | OpportunityInternational Journal of Project Management 20, 3, p. 235-240Abstract: The traditional view of risk is negative, representing loss, hazard, harm and adverse consequences. But some current risk guidelines and standards include the possibility of "upside risk" or opportunity, i.e. uncertainties that could have a beneficial effect on achieving objectives; Despite this theory, most applications of the risk process still concentrate on managing threats, and approaches to opportunity management remain patchy and reactive. The toools and techniques available to risk practitioners seem to focus attention only on the negative side of risk. This papeer extends the scope of the risk process to include opportunity management explicitly
| Item type | Current location | Collection | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
| Periódico | Biblioteca Graciliano Ramos | Periódico | Not for loan |
The traditional view of risk is negative, representing loss, hazard, harm and adverse consequences. But some current risk guidelines and standards include the possibility of "upside risk" or opportunity, i.e. uncertainties that could have a beneficial effect on achieving objectives; Despite this theory, most applications of the risk process still concentrate on managing threats, and approaches to opportunity management remain patchy and reactive. The toools and techniques available to risk practitioners seem to focus attention only on the negative side of risk. This papeer extends the scope of the risk process to include opportunity management explicitly
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