Thomas is the project manager of the NHJ Project for his company. He has identified several positive risk events within his project and he thinks these events can save the project time and money. Posi

The correct answer is A. Opportunities. In project risk management, positive risk events are formally called opportunities. The PMBOK Guide defines risk as an uncertain event or condition that, if it occurs, has a positive or negative effect on a project's objectives. Positive risks (opportunities) can benefit the proj

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Question

Thomas is the project manager of the NHJ Project for his company. He has identified several positive risk events within his project and he thinks these events can save the project time and money. Positive risk events, such as these within the NHJ Project are also known as what?

Options

AOpportunities
BBenefits
CAncillary constituent components
DContingency risks

How the community answered

(39 responses)

A
90% (35)
B
3% (1)
C
5% (2)
D
3% (1)

Explanation

In project risk management, positive risk events are formally called opportunities. The PMBOK Guide defines risk as an uncertain event or condition that, if it occurs, has a positive or negative effect on a project's objectives. Positive risks (opportunities) can benefit the project, such as saving time or reducing costs. Negative risks are called threats. The term 'opportunities' is the precise PMI terminology for positive risks - not 'benefits' (which are planned outcomes), 'ancillary constituent components,' or 'contingency risks.'

Topics

#Risk Management#Positive Risk#Opportunities

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