Raquel Soria UceroGlobal Clinical Outsourcing ManagerSanta Coloma De Gramenet, Barcelona, Spain
Hi, I am struggling with risk management, hopefully someone can help me with the basics of this. I am starting on Project Management but I do have experience on computerised system validation, so I am used to perform risk analysis (based on GAMP 5 guideline), and it is not rare that a risk can be both a threat and an opportunity. I am not saying this is usual, but it can happen. Based on your experience, background, knowledge: I am saying a nonsense?
i.e.:
- Risk title: Suppliers do not invoice as planned
- Risk description & impact: The invoice is issued prematurely, negative impact on the cash flow, therefore is a threat
- Rosk description & impact: The invoice is issued late, positive impact on the cash flow, therefore is an opportunity
I am starting my training in Project Management!! Please bear this in mind when answering my "stupid" question! ;) Thank you!! Saving Changes...
A risk event can have more than one outcome some of which may be threats and some which may be opportunities. However some outcomes will have greater consequences than others. In your risk assessment you will however have to make a decision based on the relative severity / value of the consequences, whether to treat the event as a threat (to be eliminated / mitigated) or as an opportunity (to be exploited) Saving Changes...
