Question

What are the major differences between managing negative risks versus positive risks (opportunities)? Please give an example.

Answer 1

Positive risks are those risks that lend a positive opportunity to a project or impacts it positively. Contrarily, negative risks are those threats that can influence the outcome of the project negatively.

The main difference between the management of negative risks versus the positive risks is that the project managers are often trying to take as much advantage of positive risks s they can as it will have a positive impact on the project. Thye strike to make the opportunities happen so that the project has a favoruable outcome.

On the other hand, negative risks are avoided by managers as they can influence and harm the project. Therefore, negative risks which are considered as threats are avoided by the project managers.