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What's the Positive Risk?

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Question added by Alex Al Yazouri , General Manager , Al Mushref Cooperative Society
Date Posted: 2015/01/21
racha hamed
by racha hamed , Front Desk Receptionist , Kurban Travel Services

I think Positive risk could be taken in your job, when you decide to take a positive decision toward your dpt, group,employee, and you know that it will reflects positively .

Elke Woofter
by Elke Woofter , Project Assistant , American Technical Associates

Risks to many Project Managers strictly mean “bad news”, however, some risks can be positive, so what are the differences between positive and negative risks?Here’s a list highlighting those differences:

Examples of Positive Risks

  • Receiving much more than the expected number of subscribers on the launch date of the service (for example a new telecommunications service).
  • Finishing a part of the project way before schedule and creating a lot of slack, as other resources are not scheduled to work on the project until much later.

    Note that positive risks can easily create negative risks, for example, in the case above where the telecom service gets a lot of subscribers on its launch date, then negative risks may possibly ensue, such as the inability of the switches to handle the load, the inability of the billing system to process all the calls, the clogging of the text messaging system, etc… These negative risks combined, can cause the whole service to fail, as people will be completely dissatisfied with the service. In short, positive risks are good but need to be accounted for and taken seriously.

  • Examples of Negative Risks

    • The main programmer on the project quitting the job.
    • Lack of construction material (such as concrete) because of political issues (such as hostile relations between2 bordering countries) in case of a construction project.

Positive risks are an opportunity risks.

Divyesh Patel
by Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

Positive risks are opportunities and are desired by both the Project Manager and the stakeholders, and may positively affect the project, such as increasing the ROI or finishing the project ahead of time.

 

Almost every course of action or inaction has risk. The challenge is to determine the risk/reward ratio and select those actions which maximize the reward while minimizing the risk. If you select only those actions which have minimal risk your business will whither away. Hiring an employee has lots of risk, but if you don't hire you won't have someone to perform needed functions. But if you are hiring someone for a job working with the public under pressure (airline gate agent for example) you would not risk hiring someone with a track record of anger management issues.

Kathy Mustafa
by Kathy Mustafa , Personal Assistant to CEO- Managing Sales and Marketing Departments , Saudi Kinda Real Estate

Risk-taking is the process of accepting risk. Examples of risk-taking include investing, developing new products and changing business processes. Risk-taking is the basis of economic progress. It's often positive. Positive risk is different — it's something you're trying to avoid. That being said, when positive risks occur they can often be managed as opportunities. 

Alex Al Yazouri
by Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

The opposite of scary negative risk, a successful outcome both in our personal lives and on our projects.

At work you will sometimes hear this type of risk called an opportunity such as: Receiving awards, recognitions and recommendations.

  • Winning a new deals and new contracts because of great project management skills.
  • Achieving the dead lines below budget and a head of schedule. 
  • Getting a great publicity.

Mohamed Galal Hussein Ahmed Mohamed
by Mohamed Galal Hussein Ahmed Mohamed , Technical Mnager , Fast Building Contracting Co.

Valuable answers to good question from the experts!

Thank you all.

Each risk is lead you to success

Wolf Klaas Kinsbergen
by Wolf Klaas Kinsbergen , Managing Director, Designer , ingenieursbureau KB International NV

positive risk for me is when opportunities occur that can help you positive. A risk can be negative but also positive and can have positive effect. Basically a risk is something unknown

Ibrahim Hussein Mayaleh
by Ibrahim Hussein Mayaleh , Sales & Business Consultant and Trainer , Self-employed

I can't add more than you already wrote together with colleagues.

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