ABSTRACT

The first part of this book laid the foundation for inclusion of opportunity within the definition of risk, and the consequential need to ensure that the risk management process also addresses opportunity alongside threat (Chapters 1-2). In the second part (Chapters 3-8) the typical risk management process was examined to determine how it might be expanded to include both types of risk, whether the potential impact of uncertainty was harmful (threat) or helpful (opportunity). Simple process enhancements have been described that allow a broadened approach to be adopted with minimal additional effort, building on the familiar techniques in use by most risk practitioners and project teams.