threats and opportunities

General discussion and questions about project risk management and risk analysis software RiskyProject. Includes discussion on how to perform efficient project risk analysis using our software.

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laird6
Posts: 1
Joined: Wed Nov 11, 2009 1:50 pm

threats and opportunities

Post by laird6 » Fri Nov 13, 2009 12:00 am

How can I define opportunities in RiskyProject. Is it possible to define both threats and opportunities for the same risk?

Intaver Support
Posts: 823
Joined: Wed Nov 09, 2005 9:55 am

Post by Intaver Support » Fri Nov 13, 2009 10:14 am

in RiskyProject risks can be threats, opportunities or both. Threats and opportunities are defined for risk assignment depending on results of the risk outcome. Negative risk outcomes mean opportunities.

Example 1:
Risk: Change Requirements
Outcome: Fixed Delay
Result: 2 days
This is a threat

Example 2:

Risk: Change of technology
Outcome: Delay in technology introduction
Result: -10% Low
This is an opportunity: a negative number indicates that this is an acceleration rather than a delay of the technology introduction

Example 3:
Risk: Chance of supplier
Outcome: fixed cost increase
Result for mutually exclusive alternative 1: $30,000
Result for mutually exclusive alternative 2: -$20,000
This is both a threat and an opportunity depending upon the supplier.
Intaver Support Team
Intaver Institute Inc.
Home of Project Risk Management and Project Risk Analysis software RiskyProject
www.intaver.com

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