As defined by PMBOK”…an uncertain event or condition that, if it occurs, has a positive or negative effect on a project’s objective.”
As PM’s we manage risk by spending time identifying, analyzing, planning response/mitigation plans, tracking, controlling and communicating about project risks. We even look at Secondary and Residual risks.
Post mortems or lesson learned activities after a project often lament risks that occur, the negative impacts they’ve had….but many seem to forget that POSITIVE risks need to be reviewed as well—and sometimes they need to be celebrated, not just treated as “expected” results because they were positive.
How do you recognize positive risks?