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…

The correct answer is B. Opportunities. In project risk management, risks can be either negative (threats) or positive. Positive risks are formally called opportunities - they are uncertain events or conditions that, if they occur, would have a beneficial effect on project objectives such as saving time or reducing…

Risk Strategy and Planning

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

ABenefits
BOpportunities
CAncillary constituent components
DContingency risks

How the community answered

(48 responses)

A
2% (1)
B
92% (44)
C
4% (2)
D
2% (1)

Explanation

In project risk management, risks can be either negative (threats) or positive. Positive risks are formally called opportunities - they are uncertain events or conditions that, if they occur, would have a beneficial effect on project objectives such as saving time or reducing costs. The PMBOK Guide defines risk as encompassing both threats and opportunities, and provides distinct response strategies for each (e.g., exploit, enhance, share for opportunities vs. avoid, mitigate, transfer for threats). Option A (Benefits) is a general business term, not a specific risk management classification. Option C (Ancillary constituent components) is not a recognized project management term. Option D (Contingency risks) refers to risks that are planned for in contingency reserves, not a classification of positive risks.

Topics

#Positive risk events#Opportunities#Risk definition

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