Stéphane ParentSelf Employed / Semi-retired| Leader MakerPrince Edward Island, Canada
ISO 31000 recognizes a risk has being positive or negative.
Typical risk management would like similar in both cases:
With a negative risk, you first try to mitigate either the likelihood or the consequences. In case it still happens, you should have contingency plans.
With a positive risk, you first try to encourage the likelihood or the consequences. In case you successfully trigger it, you should have exploitation plans. Saving Changes...
PANKAJ KUMAR JOSHIGeneral Manager| Transrail Lighting LimitedNainital, Uttrakhand, India
Opportunity are identified and registered in a same way as we do for risks. The planning of opportunity when how it should be realize only differs. Saving Changes...
