Most people would normally associate the term ‘risk’ with something unfavourable when risk can actually be either negative or positive.
Risks can affect any area of your project, including your people, processes, technology, and resources.
Positive risk is also known as an opportunity.
A positive risk has the potential bring benefits to the workplace or for a project.
For example, it can be a new technology that is currently being developed and can bring positive impacts upon released.
And similar to risk management, managing positive risk also involved systematic approach to manage and identify them.
In managing positive risk, it may involve working with relevant people in a team to brainstorm and identify potential positive events that may occur.
Managing the risk also involved assessing each risk including how it will likely to happen and its potential impacts.
For this, it is also important to keep track or record of all the positive risk. And for each risk, note down which risk will be exploited, shared, enhanced and accepted.
It is also advisable to assign people to monitor its progress or handle each risk.
By continuously monitoring it, this allows more updates and actions plan if needed.
Managing positive risk also allow to identify the signs that might indicate a positive risk and when it may take place.
By predicting the risk early, it gives those involved to arrange any preparation as they see fit.
Upon facing positive risk, this would allow those involved to respond to it either through exploiting it, sharing it by working with others outside, enhance it to increase the opportunity or positive outcome or just simply to accept it as it is.