Do we have to categorize the risks as negative or positive?

Change Management Risk Management

Le (Maria) Cai Master Student| Northeastern University Sunnyvale, CA, United States

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?

Posted: Jun 11, 2024 3:21 PM (Updated by author: Jun 11, 2024 3:21 PM)

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Do we have to categorize the risks as negative or positive?

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