What are positive risk factors?

Positive risks are event which have a positive impact on your objectives. … For many people the term “risk” has negative connotations; i.e. something bad will happen, I will lose money, get injured, crash my car etc..

In general, positive risk is something you should always be open to and even enhance it since it has valuable consequences for your project. Whereas negative risk is the opposite and the worst case scenario for such risk is the lack of success in project delivery.

• A potential upcoming change in policy that could benefit your project.
• A technology currently being developed that will save you time if released.
• A grant that you’ve applied for and are waiting to discover if you’ve been approved.

Positive risks are situations that could provide great opportunities if you only harness them effectively. There are also formal management strategies for responding to positive risks. They are: exploit, share, enhance, and accept. Let’s look at them in more detail.

• Economic Risk. A low unemployment rate is a good thing. …
• Project Risk. Project Managers manage the risk that a project is over budget and the positive risk that it is under budget. …
• Supply Chain Risk. …
• Engineering Risk. …
• Competitive Risk. …
• Technology Risk.

Physical risk factors, and. Psychosocial, personal and other risk factors.

• experimenting with alcohol and other drugs.
• having unprotected sex.
• skipping school.
• getting a lift with someone who has been drinking.

“Negative Risks are referred to as threats that negatively influences one or more project objectives such as cost, quality, time, etc. if it occurs”. Avoiding risk is an important response strategy where the project team tries to remove the threat or protect the project from its influence.

Negative risk is a potential for loss. In common parlance, risk is always negative such that negative risk is synonymous with how most people think of risk. … In this context, the term negative risk is used to denote the regular type of risk that is a potential for a loss.

Exploiting a positive risk is about ensuring everything is in place to increase the probability of the occurrence of the risk.

There are also four possible risk responses strategies for positive risks, or opportunities: Exploit – eliminate the uncertainty associated with the risk to ensure it occurs.

• tobacco use.
• the harmful use of alcohol.
• raised blood pressure (or hypertension)
• physical inactivity.
• raised cholesterol.
• overweight/obesity.
• unhealthy diet.
• raised blood glucose.

Reducing or curbing just six modifiable risk factors — tobacco use, harmful alcohol use, salt intake, high blood pressure and blood sugar, and obesity — to globally-agreed target levels could prevent more than 37 million premature deaths over 15 years, from the four main non-communicable diseases (NCDs): …

It is important that you minimize as many risk factors as you can. There are two types of risk factors, controllable and uncontrollable. Controllable risk factors are those that you can change. Uncontrollable risk factors are those that you cannot change.

1- Risks are always negative: In fact, not all risks are negative. … Risk is “any uncertain event or condition that, if it occurs, has a positive or negative effect on a project’s objectives” (PMI, 2017, p. 720). As such, risks may be negative (i.e., threats) or positive (i.e., opportunities).

• damage by fire, flood or other natural disasters.
• unexpected financial loss due to an economic downturn, or bankruptcy of other businesses that owe you money.
• loss of important suppliers or customers.
• decrease in market share because new competitors or products enter the market.

The five basic strategies to deal with negative risks or threats are Escalate, Avoid, Transfer, Mitigate and Accept.

The majority of adolescent death and illness are caused by risk behaviours that can be grouped into four categories: tobacco, alcohol and drug use; dietary behaviours; physical activity; and sexual behaviours [6, 7].

You give overtime to your team members, bring in more employees, motivate the team members by announcing rewards if they help you complete the project ahead of time, etc. This is an example of the exploit risk response strategy, as you make sure that the opportunity is realized.

Therefore, unless you’re avoiding the risk altogether, you are using a combination of the reduce (mitigate), transfer, and/or accept risk response strategy by default. To learn more, read One Tool for Informed and Responsible Risk Acceptance.

We then learned about the four risk response strategies for threats: Avoidance, or reducing the probability of it happening to zero. Transferring, or shifting the responsibility for dealing with risk event consequences to someone else. Mitigation, or reducing the impact of a risk event on your project.

• Avoid it.
• Reduce it.
• Transfer it.
• Accept it.

• Risk factors and disease burden.
• Tobacco smoking.
• Excessive alcohol consumption.
• Abnormal blood lipids (dyslipidaemia)
• Nutrition.
• Insufficient physical activity.
• Overweight and obesity Overweight and obesity – expandOverweight and obesity – collapse. Causes of overweight and obesity. Who is overweight?
• High blood pressure.

Your personal health risk factors include your age, sex, family health history, lifestyle, and more. Some risks factors can’t be changed, such as your genes or ethnicity. Others are within your control, like your diet, physical activity, and whether you wear a seatbelt.

FAK-ter) Something that increases the chance of developing a disease. Some examples of risk factors for cancer are age, a family history of certain cancers, use of tobacco products, being exposed to radiation or certain chemicals, infection with certain viruses or bacteria, and certain genetic changes.