How to Respond to Positive Risks

How to Respond to Positive Risks

On projects, risks can be identified through various project activities, such as during an Iteration Planning Meeting. Whatever the source, there are four ways to deal with positive risks:

    Exploit
    Share
    Enhance
    Accept


Exploit
Exploiting a positive risk is about ensuring everything is in place to increase the probability of the occurrence of the risk.

Share
Sometimes exploiting a positive risk is not possible without collaboration. Sharing a positive risk is when you collaborate with another department or organization to exploit a positive risk

Enhance
Enhancing a risk involves identifying the root cause of a positive risk so that you can influence it for a greater likelihood of the opportunity occurrin

Accept
At times, opportunities simply fall on your lap and you choose to accept them. This is called accepting a positive risk. It also means you AcceptPositive are acknowledging that you’d rather not Exploit, Share, or Enhance the risk.

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