What Is Positive Risk?
In project management, positive risk refers to uncertainties that, if they occur, create opportunities rather than problems. While risk is often viewed negatively, some risks lead to cost savings, process improvements, or faster delivery.
Examples of Positive Risk
- Early Project Completion – A task finishes ahead of schedule, allowing earlier project delivery.
- Unexpected Market Demand – A product becomes more popular than expected, increasing revenue.
- Cost Savings – A vendor offers an unexpected discount, reducing expenses.
How to Manage Positive Risks?
- Exploit – Take proactive steps to ensure the opportunity occurs.
- Enhance – Increase the probability or impact of the positive risk.
- Share – Collaborate with partners to maximize benefits.
- Accept – Allow the opportunity to happen without intervention.
