Chapter 3
How to Manage Project Opportunities
The previous two chapters have explored the nature of risk in general, including the idea that it is a double-sided concept covering both opportunity and threat, and the fact that all projects are risky, meaning that both opportunities and threats are inherent, built in to every project. Knowing this, we can’t just sit back and leave risk unmanaged on our projects. We need to understand the specific risks that we face, as well as the overall risk exposure of our project, and try to deal with them proactively, aiming to remove or reduce as many threats as possible, and capture or improve our opportunities. But how?
For a long time, many organisations either ignored the existence of opportunities ...
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