When I was taking a risk management course at school, our professor had an exercise with us. The main goal was to distinguish between negative risks (threats) and positive risks (opportunities), which I found rather confusing. For example, community objection in a project - it can be negative, as it will postpone the delivery of your project if they don't agree with it; it can also be positive, as it can give you alternative perspectives on potential improvements.
So, my questions are (feel free to share your thoughts on any of them):
1. As the title says, Do we have to categorize risks as negative or positive?
2. Is it possible that risks can be both negative and positive?
3. Is my example a good way to understand it?
4. If my example isn't a good example, but you agree with point 2, would you provide another proper example?