We only record threats. Should opportunities be included?

One-sided uncertainty management

Consider uncertain events that could improve the outcome as well as those that could harm it. Assign ownership and evaluate the effort required to realize an opportunity.

What to do now

  1. Identify possible favorable changes
  2. Estimate value and effort to exploit them
  3. Assign an owner and decision point
  4. Track whether the benefit materializes
Recommended action flow for one-sided uncertainty management: Identify possible favorable changes then Estimate value and effort to exploit them then Assign an owner and decision point then Track whether the benefit materializes. Escalate when pursuing the opportunity would jeopardize essential commitments.

When to escalate

Escalate when

Pursuing the opportunity would jeopardize essential commitments.

Who decides

The accountable risk owner

Example

Early access to a test facility creates an opportunity to validate the design sooner.

Mistake to avoid

Assuming every possible upside should be pursued immediately.

Prevent a repeat

Review whether response tasks and trigger conditions remain appropriate as the project changes.

Suggested ApprovedFlow setup

  • Documents
  • Tasks
  • Approvals

Store the risk assessment as a controlled project document and assign response tasks; do not assume a native risk engine is enabled. See the platform

Related cases

Practice references