Risks and Opportunities

Philip Bauer
Additional contact information
Philip Bauer: Six Sigma Management Academy

Chapter 4 in A Comprehensive Project Management Guide, 2024, pp 39-63 from Springer

Abstract: Abstract This chapter offers an insightful exploration into the dual nature of uncertainty within projects, encompassing both risks and opportunities. Drawing upon theoretical frameworks and practical experiences, it seeks to elucidate the critical role of risk management and opportunity identification in enhancing project outcomes and maximizing value creation. It begins by defining project risks as potential events or circumstances that may have adverse effects on project objectives, while opportunities are events or circumstances that may have favourable impacts if capitalized upon. It highlights the inherent uncertainty and complexity of projects, underscoring the importance of proactive risk management and opportunity realization throughout the project lifecycle.

Keywords: Process of risk management; Risk analysis; Risk evaluation; Risk monitoring; Risk control (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-031-68252-0_4

Ordering information: This item can be ordered from
http://www.springer.com/9783031682520

DOI: 10.1007/978-3-031-68252-0_4

Access Statistics for this chapter

More chapters in Management for Professionals from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().