Suppose midway in a project you realize that there are very few issues and there is actually an opportunity to increase the margin by 10% if we finish the project 4 weeks early.
1. Assigning your best resources to finish 4 weeks early would be EXPLOITING the opportunity. Exploiting is reverse of AVOIDING
2. If you increase probablity or impact of opportunity is called enhancing. For eg: You work on ways to improve margin by 15% ( increasing impact ) or once the best resouce has been put in you try to look at all other parameters to finish 4 weeks early ( increase the probablity )
admin
Thu, 07/07/2011 - 04:29
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Positive Risk =
Positive Risk = Opportunity
Suppose midway in a project you realize that there are very few issues and there is actually an opportunity to increase the margin by 10% if we finish the project 4 weeks early.
1. Assigning your best resources to finish 4 weeks early would be EXPLOITING the opportunity. Exploiting is reverse of AVOIDING
2. If you increase probablity or impact of opportunity is called enhancing. For eg: You work on ways to improve margin by 15% ( increasing impact ) or once the best resouce has been put in you try to look at all other parameters to finish 4 weeks early ( increase the probablity )
Akshay Singh
Wed, 07/20/2011 - 14:52
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Exploiting means making sure
Exploiting means making sure that event happens
Enhancing means increasing probability or impact of the event.
Brgds
Akshay Singh
akshay@emensuslearning.com
www.emensuslearning.com