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threats and opportunities

Posted: Fri Nov 13, 2009 12:00 am
by laird6
How can I define opportunities in RiskyProject. Is it possible to define both threats and opportunities for the same risk?

Posted: Fri Nov 13, 2009 10:14 am
by Intaver Support
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.