K A N D M E N T

T R I S N A G E
O J E S M A
PR U N I T I E
R T
OPPO
B Y AS E E R
PRE SE N T
A U B D UL B
L A H AND
L
A MANU

E NT TO B A R
PRES L JA B
U B D U
SIR A
PROJET RISK AND OPPORTUNITIES
MANAGEMENT
RISK
Is the recognized possible loss
Is the concept of uncertainity
Uncertainty as a lack of knowledge of future events
DEFINATION
Risk is the chance of things not turning out as expected
Risk is chance of losing money on an investment
Risk of investment is the probability of future loss
 Positive risk
A risk that will have a positive impact on project objectives, or a possibility of
positive change
 Negative risk
A risk that will have a negative impact on project objective if it occurs, or a
possibility for negative changes
PROJET RISK AND OPPORTUNITIES
MANAGEMENT

Uncertainty as a lack of knowledge of future events

Probability of those outcomes which are unfavorable
Probability of favorable outcomes may be viewed as opportunity

FAVORABLE
(OPPORTUNITIE
S)
UNKNOWN
(UNCERTANITY
) UNFAVORABLE
(RISKS)
MANAGING OPPORTUNITIES
 Risk management Planinig
 Risk identification
 Qualitative risk analysis
 Quantitative risk analysis
 Risk response planinig
 Risk monitering and control
OPPORTUNITY IDENTIFICATION
Opportunity identification
 The process of identifying opportunities is similar phase used for identifying
risk and could be done in the same time using brain stroming approach or
other selecting implementation.

Anlysis of the opportunities

 Opportunity could be considered by selves with out negative impact
EXAMPLE OF DESCRIPTION FOR POSITIVE
IMPACTS
DESCRIPTOR DESCRIPTION

 Outstanding Significantly enhanced reputation huge

financial gain
 Major Enhanced reputation, major financial

 Moderate Some enhancement to reputation,

high financial gain
 Minor Minor improvement to image,
some financial gain
 Insignificant Small benefit, low financial gain
POTENTIAL IMPACT
RISK OPPORTUNITIES

• Catastrophic: Most criteria • Outstanding: Most criteria may

may not be achieved be enhanced substantially
• Major: Most criteria threatened • Major: Most criteria may be
or one not be achieved improved, or one enhanced
• substantially
Moderate:Some criteria
affected • Mderate: Some criteria
• improved
Minor: Easily remedied
• Minor: Some benefit
• Negligible: Very small impact
• Negligible: Very small benefit
SUMMERY OF ARTICLE
• Some of these uncertainties would give benefits if they occurred. Risk management
can give an important contribution and benefits to effective project management
• It gives better understanding about impact of the opportunities on an project success
and how analyze positive risks alone or handle opportunities and threats together by
the same project risk analysis process.
• Additionally, opportunities identification, analysis phases and useful response
strategies are outlined to give better focus. Project managers need to evaluate both
threats and opportunities.
• If they manage only negative risks then a lot of project manager’s responsibility is
ignored and possible opportunities will be lost.
 U
Y O
N K
A
TH