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Difference between Enhancing and Exploiting a risk

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Osifo Osadebamwen William PMP Project manager| Vascon solutions Benin City, Edo, Nigeria
Hello, i have taken several sample questions and i am not to clear on the difference between enhancing a risk and exploiting a risk, Can any one please clarify
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FALASINNU ADEGOKE Arch.| MEC PROJECTS LIMITED Ikorodu,Lagos, Lagos, Nigeria
Nov 14, 2017 7:43 AM
Replying to Osifo Osadebamwen William PMP
...
Thanks for all your replies, i have been greatly enlighten.
Out of the four risk management strategies for opportunities, “enhance” and “exploit” are always not thoroughly understood.It is important that you know that you encounter two types of risks: negative risks and positive risks.Project risk is an uncertain event or condition that, if it occurs, has a positive or negative effect on one or more project objectives such as scope, schedule, cost, and quality.It is alway good that we learn and discuss the Positive Risk Response Strategies. And for the Enhance:we taking measures/actions,Exploit: we taking any possible actions.
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Adnan Shareef EPMO Director| JEDCO (Jeddah Airports Company) Jeddah, Saudi Arabia
Enhance: Increase Probability or Impact to less than 100%

Exploit: Make Probability & Impact = 100%
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Mansoor Mustafa Senior PM| Government Department Rawalpindi Punjab, Pakistan
Exploiting ( opposite of avoidance for negative risk) increasing probability
Enhancing( opposite of mitigation for negative risk 0 increasing impact
Difference can be defined in simple away
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Atalay DEMIROZLU Project Execution Lead| QatarEnergy LNG Doha, Qatar
I would like to add to the above excellent explanations that if you see any question of ranking opportunity, exploit comes first rather than enhance.
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Verónica Elizabeth Pozo Ruiz RYLAI Access Control Quito, Pichincha, Ecuador
*When exploiting a risk, you ensure that the positive opportunity is realized (Maybe by adding work or changing parts of the project), guaranteeing 100% that the opportunity will occur. This strategy is often used for opportunities of high priority.

*Enhancing a risk is identifying and maximizing key drivers of positive impact risk to increase the probability of their occurrence, but not guaranteeing 100% that the opportunity will occur.
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