EXPLOITING POSITIVE RISK THROUGH ORGANIZATIONAL CULTURE AND PROACTIVE
IDENTIFICATION
Abstract
Risk management is commonly accepted as a foundational management
process to increase the likelihood of project success. Risks can be
categorized as either threats (negative events or conditions) or
opportunities (positive). This qualitative study explored the positive
side of risk management to examine if opportunity management is still
underutilized by practitioners, as has been reported in previous studies
and standards. Recommendations from this study for improved use of
opportunity management include development of: (a) specific training on
opportunity management (b) catalog of opportunity examples, and (c)
template for the business case for opportunity management. This research
provides greater insight to improve the efficacy for current and future
project, program, and portfolio managers.