threats and opportunities
Moderator: Intaver Support
threats and opportunities
How can I define opportunities in RiskyProject. Is it possible to define both threats and opportunities for the same risk?
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Intaver Support
- Posts: 1012
- Joined: Wed Nov 09, 2005 9:55 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.
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
Intaver Institute Inc.
Home of Project Risk Management and Project Risk Analysis software RiskyProject
www.intaver.com