Risk is an uncertain event that may have positive or negative impacts. Understanding risk involves assessing the probability of occurrence, potential impacts, and developing proactive risk management strategies. This includes identifying risks through stakeholder participation, qualifying risks based on probability and impact thresholds, quantifying risks through scoring, and developing risk responses such as avoidance, mitigation, transfer, or acceptance for threats and enhancement or exploitation for opportunities. Maintaining a risk register to track risks is a key part of managing risks.
Understand the basics of risk followed by the standard risk management method including identification, assessment, responses and finally the dynamic nature of risk management along with the basics of Business continuity plan or fall back plan
PECB Webinar: Corrective Action or Preventative Action - The new risk based m...PECB
The webinar covers:
• How the concepts of corrective and preventive action change in the new version of the standard
• Understanding risk-based thinking approach
• Understanding the new risk based methodology for ISO 9001:2015
Presenter:
This webinar was presented by Jason Teliszczak, PECB Certified Trainer and CEO/Founder of JT Environmental Consulting, Inc.
Link of the recorded session published on YouTube: https://www.youtube.com/watch?v=NSNIgSYNgSI
20 Reasons for Risk management updated 2023 intel document 15.docxintel-writers.com
REASONS WHY RISK MANAGEMENT IS IMPORTANT
Risks are a daily occurrence in most businesses, so a system must be put in place to effectively control them. Risks inherently turn into incidents if not dealt with properly – not only harming employees, but also resulting in productivity loss, increased admin burden and unfortunate legal disputes.
When it comes to health and safety, risks can arise from a variety of sources at your workplace. These include chemicals and substances, electrical sources, equipment and machinery and even contagious illnesses.
Risks are a daily occurrence in most businesses, so a system must be put in place to effectively control them. Risks inherently turn into incidents if not dealt with properly – not only harming employees, but also resulting in productivity loss, increased admin burden and unfortunate legal disputes.
When it comes to health and safety, risks can arise from a variety of sources at your workplace. These include chemicals and substances, electrical sources, equipment and machinery and even contagious illnesses.
Proactively managing risks and identifying sources can help ensure a business accurately works through a fall, fire or spillage. To be successful, investing in a health and safety risk management software can help ensure safe operations are prioritized.
What is Risk Management:
Health and safety risk management is the process of identifying, assessing and controlling threats to health and safety. It’s a formal process that evaluates risks and lays out plans to eliminate or control them. Risk management is essential for any organization that proactively looks to prioritize safe operations and the well-being of their employees.
Risks are a daily occurrence in most businesses, so a system must be put in place to effectively control them. Risks inherently turn into incidents if not dealt with properly – not only harming employees, but also resulting in productivity loss, increased admin burden and unfortunate legal disputes.
Understand the basics of risk followed by the standard risk management method including identification, assessment, responses and finally the dynamic nature of risk management along with the basics of Business continuity plan or fall back plan
PECB Webinar: Corrective Action or Preventative Action - The new risk based m...PECB
The webinar covers:
• How the concepts of corrective and preventive action change in the new version of the standard
• Understanding risk-based thinking approach
• Understanding the new risk based methodology for ISO 9001:2015
Presenter:
This webinar was presented by Jason Teliszczak, PECB Certified Trainer and CEO/Founder of JT Environmental Consulting, Inc.
Link of the recorded session published on YouTube: https://www.youtube.com/watch?v=NSNIgSYNgSI
20 Reasons for Risk management updated 2023 intel document 15.docxintel-writers.com
REASONS WHY RISK MANAGEMENT IS IMPORTANT
Risks are a daily occurrence in most businesses, so a system must be put in place to effectively control them. Risks inherently turn into incidents if not dealt with properly – not only harming employees, but also resulting in productivity loss, increased admin burden and unfortunate legal disputes.
When it comes to health and safety, risks can arise from a variety of sources at your workplace. These include chemicals and substances, electrical sources, equipment and machinery and even contagious illnesses.
Risks are a daily occurrence in most businesses, so a system must be put in place to effectively control them. Risks inherently turn into incidents if not dealt with properly – not only harming employees, but also resulting in productivity loss, increased admin burden and unfortunate legal disputes.
When it comes to health and safety, risks can arise from a variety of sources at your workplace. These include chemicals and substances, electrical sources, equipment and machinery and even contagious illnesses.
Proactively managing risks and identifying sources can help ensure a business accurately works through a fall, fire or spillage. To be successful, investing in a health and safety risk management software can help ensure safe operations are prioritized.
What is Risk Management:
Health and safety risk management is the process of identifying, assessing and controlling threats to health and safety. It’s a formal process that evaluates risks and lays out plans to eliminate or control them. Risk management is essential for any organization that proactively looks to prioritize safe operations and the well-being of their employees.
Risks are a daily occurrence in most businesses, so a system must be put in place to effectively control them. Risks inherently turn into incidents if not dealt with properly – not only harming employees, but also resulting in productivity loss, increased admin burden and unfortunate legal disputes.
www.crisisreadycheck.com
Are you ready for a crisis? How do you know? Use our crisis ready check system and find the strengths and weaknesses in your crisis management readiness today
This presentation provides a guide line to understand Occupational Health and Safety Risk assessments and the way to conduct the Risk Assessment.
Hazard identification, and the risk matrix also described.
Intermediate level.
Андрій Мудрий «Risk managemnt: Welcome to Risk World»Lviv Startup Club
Kyiv Project Management Day 2017 Spring
-------------------------
Андрій Мудрий «Risk managemnt: Welcome to Risk World»
-------------------------
Сайт конференції: http://pmday.org/
Спільнота в мережі Linkedin: http://bit.ly/PMDayLin
Спільнота в мережі facebook: http://bit.ly/PMDayKyivFB
Twitter конференції: https://twitter.com/LvivPMDay
What is risk & risk mgt.
Why do we need risk analysis
Who uses risk management
How is risk management used?
The 7 basic process steps…
Component of risk
Overall categories of risk
5 primary means of risk mgt.
How?
etc.....
Project Risk Management Plan
A project risk management plan based on the assumption of a new company -O2D- created by our team
Planned and Presented in UCI PM class
Risk Management ProcessTraining Session Victor Allen.docxSUBHI7
Risk Management Process
Training Session
Victor Allen
April 3, 2012
1
What are risks?
Project Management Institute definition of risk:
“an uncertain event or condition that, if it occurs, has a positive or negative effect on at least one project objective“ (i.e. scope, time, cost, quality, safety, etc…)
2
What are risks?
My Definition of risk:
“A negative risk event is something that has not yet happened on your project, but if it did happen it would negatively impact your project to the extent that it would be worthwhile to reduce the likelihood that it will occur or reduce the negative impact if it occurred”
“A positive risk event is something that has not yet happened on your project, but if it did happen it would positively impact your project to the extent that it would be worthwhile to increase the likelihood that it will occur or increase the positive impact if it occurred”
3
Risk/Issue/Action?
4
(Risk)
An undesirable event that has not yet happened
(Issue)
An undesirable event that has happened and needs attention
(Action)
Work that needs to be done
Which of the following are risks?
The project may go over budget
I ran over a pot hole coming into work today and my tire is flat
Decisions in the site engineering area are not being made in a timely manner
Using unproven technology may require frequent re-design work resulting in a schedule delay
Which of the following are risks?
The project may go over budget
This is more of an impact than a risk. There are many reasons why a project may go over budget. The real question is what are the things that would cause you to go over budget? The answer to this question is the risk. Here are some examples of a better way to write this risk statement:
It may take more time than planned to secure internal employees to work on this project which will require us to hire consultants resulting in a cost overrun on the project.
The contractor productivity level may be less than quoted in the contract resulting in a cost overrun.
Which of the following are risks?
I ran over a pot hole coming into work today and my tire is flat
This is not a risk because it already happened. It has now become an issue that you have to deal with. Time to execute your contingency plan – hopefully you have a spare or AAA.
Which of the following are risks?
Decisions in the site engineering area are not being made in a timely manner
This is not a risk because it already happened. Decisions are already not being made timely, so the risk has occurred. It has now become an issue that you have to deal with.
Which of the following are risks?
Using unproven technology may require frequent re-design work resulting in a schedule delay
This is a risk.
5 Characteristics of a Risk Event
Risk is clear and understandable to anyone who reads it
Risk describes the impact or “so what” factor
Risk has not yet happened
Risk is something your actually worrie ...
Session 04_Risk Assessment Program for YSP_Risk Analysis IMuizz Anibire
Program Objectives
In light of industrialization trends across the globe, new hazards are constantly introduced in many workplaces. This program aims to provide Young Safety Professionals (YSPs) from diverse backgrounds with the requisite skill to address the health and safety hazards in the modern workplace.
If you want your information risk program to be taken seriously by the business, you have to do more than just throwing around a few business terms. You need to embrace enterprise risk techniques. See how the engagement changes when you start talking about a product delivery risk instead of a Struts vulnerability. Cyber isn’t your top risk; focusing on the wrong priorities is your top risk.
Learning Objectives:
1: Learn how to integrate into a broader enterprise risk program.
2: Understand techniques from other disciplines that can be used in your cyber-program.
3: Learn to communicate security risks in business context.
(Source: RSA Conference USA 2018)
The IT Auditing Series is a series of 10 2-hour webinars.
The study program consists of 5 modules Basic and 5 modules Advanced spanning a broad range of topics and issues in the IT Auditing field. The emphasis in all webinars is therefore on practical aspects, of Internal Auditing.
The course content is based upon ISACA Framework which has been accepted world-wide as the basis of skills and competencies required for all IT Auditors.
This session covers risk analysis for auditors
Procurement Economics describing the basic operations management principles of Economic Order Quantity, Procurement Costs, Fixed Order Interval, and Fixed Order Quantity required in supply chain management
www.crisisreadycheck.com
Are you ready for a crisis? How do you know? Use our crisis ready check system and find the strengths and weaknesses in your crisis management readiness today
This presentation provides a guide line to understand Occupational Health and Safety Risk assessments and the way to conduct the Risk Assessment.
Hazard identification, and the risk matrix also described.
Intermediate level.
Андрій Мудрий «Risk managemnt: Welcome to Risk World»Lviv Startup Club
Kyiv Project Management Day 2017 Spring
-------------------------
Андрій Мудрий «Risk managemnt: Welcome to Risk World»
-------------------------
Сайт конференції: http://pmday.org/
Спільнота в мережі Linkedin: http://bit.ly/PMDayLin
Спільнота в мережі facebook: http://bit.ly/PMDayKyivFB
Twitter конференції: https://twitter.com/LvivPMDay
What is risk & risk mgt.
Why do we need risk analysis
Who uses risk management
How is risk management used?
The 7 basic process steps…
Component of risk
Overall categories of risk
5 primary means of risk mgt.
How?
etc.....
Project Risk Management Plan
A project risk management plan based on the assumption of a new company -O2D- created by our team
Planned and Presented in UCI PM class
Risk Management ProcessTraining Session Victor Allen.docxSUBHI7
Risk Management Process
Training Session
Victor Allen
April 3, 2012
1
What are risks?
Project Management Institute definition of risk:
“an uncertain event or condition that, if it occurs, has a positive or negative effect on at least one project objective“ (i.e. scope, time, cost, quality, safety, etc…)
2
What are risks?
My Definition of risk:
“A negative risk event is something that has not yet happened on your project, but if it did happen it would negatively impact your project to the extent that it would be worthwhile to reduce the likelihood that it will occur or reduce the negative impact if it occurred”
“A positive risk event is something that has not yet happened on your project, but if it did happen it would positively impact your project to the extent that it would be worthwhile to increase the likelihood that it will occur or increase the positive impact if it occurred”
3
Risk/Issue/Action?
4
(Risk)
An undesirable event that has not yet happened
(Issue)
An undesirable event that has happened and needs attention
(Action)
Work that needs to be done
Which of the following are risks?
The project may go over budget
I ran over a pot hole coming into work today and my tire is flat
Decisions in the site engineering area are not being made in a timely manner
Using unproven technology may require frequent re-design work resulting in a schedule delay
Which of the following are risks?
The project may go over budget
This is more of an impact than a risk. There are many reasons why a project may go over budget. The real question is what are the things that would cause you to go over budget? The answer to this question is the risk. Here are some examples of a better way to write this risk statement:
It may take more time than planned to secure internal employees to work on this project which will require us to hire consultants resulting in a cost overrun on the project.
The contractor productivity level may be less than quoted in the contract resulting in a cost overrun.
Which of the following are risks?
I ran over a pot hole coming into work today and my tire is flat
This is not a risk because it already happened. It has now become an issue that you have to deal with. Time to execute your contingency plan – hopefully you have a spare or AAA.
Which of the following are risks?
Decisions in the site engineering area are not being made in a timely manner
This is not a risk because it already happened. Decisions are already not being made timely, so the risk has occurred. It has now become an issue that you have to deal with.
Which of the following are risks?
Using unproven technology may require frequent re-design work resulting in a schedule delay
This is a risk.
5 Characteristics of a Risk Event
Risk is clear and understandable to anyone who reads it
Risk describes the impact or “so what” factor
Risk has not yet happened
Risk is something your actually worrie ...
Session 04_Risk Assessment Program for YSP_Risk Analysis IMuizz Anibire
Program Objectives
In light of industrialization trends across the globe, new hazards are constantly introduced in many workplaces. This program aims to provide Young Safety Professionals (YSPs) from diverse backgrounds with the requisite skill to address the health and safety hazards in the modern workplace.
If you want your information risk program to be taken seriously by the business, you have to do more than just throwing around a few business terms. You need to embrace enterprise risk techniques. See how the engagement changes when you start talking about a product delivery risk instead of a Struts vulnerability. Cyber isn’t your top risk; focusing on the wrong priorities is your top risk.
Learning Objectives:
1: Learn how to integrate into a broader enterprise risk program.
2: Understand techniques from other disciplines that can be used in your cyber-program.
3: Learn to communicate security risks in business context.
(Source: RSA Conference USA 2018)
The IT Auditing Series is a series of 10 2-hour webinars.
The study program consists of 5 modules Basic and 5 modules Advanced spanning a broad range of topics and issues in the IT Auditing field. The emphasis in all webinars is therefore on practical aspects, of Internal Auditing.
The course content is based upon ISACA Framework which has been accepted world-wide as the basis of skills and competencies required for all IT Auditors.
This session covers risk analysis for auditors
Procurement Economics describing the basic operations management principles of Economic Order Quantity, Procurement Costs, Fixed Order Interval, and Fixed Order Quantity required in supply chain management
Construction Equipment Cost Management.pdfAvik Munshi
Step-by-step explanation of Management Finance concerning the Equipment Lifecycle Cost, specifically for Construction and Manufacturing Equipment that are capitalized and depreciated over years
Understand the definition of capital, along side the necessary concepts to safeguard from Environment forces such as taxes, self consumption and inflation
Relation of Pricing Strategy with Business ModelAvik Munshi
Understand the relation of Pricing Strategy with Business Model and how the nature of Business affects the choice of Pricing Strategy - the balance of volume and margins
Understanding of the Position of Your Product and Business in the Market along with the value and cost addition as the product moves through the different phases in market
Understanding the Characteristics of the Organized and Unorganized Market Structures along with the Key Differences as well as the Pros and Cons of each of the Two Market Structures
Understand the various methods used to grow business such as franchise model, integration whether vertical or horizontal along with some other techniques used by large corporations such as de-centralization and diversification in to segments and markets
The characteristics of an ideal organisation structure along with the concept of KPIs - Key Performance Indicators and the importance of feedback in an organisation. Finally concluding this with method for recruiting
Section 03 Before Building Business OrganisationAvik Munshi
Understand the pre=requisites of building an organisation along with the importance of business teams and the concept of culture in an organization. And finally understand the concept of incentives and penalties.
Know about the various forms of money in business such as inventory, overheads and capital along with the characteristics of each for better and efficient business management
Understand the landscape of business followed by fundamental concepts such as core value proposition, setting up the business model and preparing a business model with an effective tool called the business canvas.
Visual representation of the procurement process along with the activities to be conducted prior to procurement. The documents required for procurement. Also understanding stakeholders and stake holder management in procurement along with organization types and their impact on contract administration.
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Business Valuation Principles for EntrepreneursBen Wann
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It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
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HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
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[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
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"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
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2. risk
definition
risk is an uncertain event that
may have a positive or negative
impact on your operations.
risk.
3. characteristics
to understand
probability
what is the surety that the risk will occur?
occurrence
how to know if the risk has occurred or about to occur?
impact
what is the impact or outcome of the risk event?
8. identify
risks
risk is can originate from and / or
have a resulting impact on different
functional areas of your organization.
brain storming
9. items to
identify
risk event
the nature & origin of the risk and the risk event itself
trigger and occurrence
prior events that indicate that the risk is about to occur as well as
the characteristics of the occurrence of risk.
owner
person responsible for monitoring particular risk and coordinating
the risk management activities.
10. items to
identify
probability - impact
the percentage likelihood of the risk to occur and the potential
impact it will have in terms of value.
acceptance thresholds
the likelihood and impact values that can be accepted and avoid
mobilizing the risk response mechanism.
response
in case of occurrence of the risk, what response activity needs to
be carried out to amplify, reduce or eliminate the impact.
12. identify
risks
risk identification is a dynamic
process, hence periodic reviews are
necessary to discuss identified risks
and identify new risks.
risk review
20. risk
quantification
risks have a positive or negative
impact on your operations and in
order to plan response and
contingency, we need to quantify.
quantification
21. risk
quantification
plan name probability impact Score
Product Specifications 05% $ 4,000 $ 200
Delivery Time (Date) 15% $ 5,000 $ 750
Product Quality 10% $ 5,000 $ 500
Installation 05% $ 1,000 $ 50
Contingency $ 1,500
22. additional
points to consider
contingency reserve
resource used to mobilize and deploy risk response measures
value of contingency reserve
may be lower than the cumulative value of individual impacts but
should be greater than or equal to the sum of two largest impacts.
fall back plan
in case the risk responses fail to keep operations on track, second
line of actions required to continue operations.
24. negative
risks (threats)
risk avoidance
change your course of actions
or strategy to avoid the risk
event or setting off the risk
triggers
risk transference
transfer the impact of risk event
to a third party or down the
chain through contractual
arrangement
risk mitigation
course of actions or strategy to
minimize or eliminate the
impact of the risk event
risk acceptance
do nothing, just let the risk
event occur if the cost of
response surpasses benefits
25. positive
risks (opportunities)
share opportunity
share the opportunity with a
third party or down the chain
through contractual
arrangement
enhance opportunity
course of actions or strategy to
amplify the impact or outcome
exploit opportunity
utilize available resource to
extract the maximum possible
benefits
reject opportunity
do nothing, reject the
opportunity if the logistics of
response outweighs benefits