Two Major Types of Risks

For most practical purposes and most day-to-day discussions, when people talk about risk, they talk about ‘Negative Risk’ or a ‘Threat’, with potential to negatively impact your initiative or project. However, a risk could be of either type:

• Negative Risk or Threat

• Positive Risk or Opportunity

Can you think of some examples?

• You having found two tickets to Australia (your dream destination) at a 50% discounted price is a positive risk :)

• You coming back to your computer after dinner to buy the tickets and discovering the tickets are gone, is a negative risk :(

YOU MAY ALSO READ

• What is a risk?

• What is a project risk?

• Two major types of risks

• What are risk attitudes?

• Risk response strategies for negative risks

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