Risk on projects can
provide many outcomes. It s either positive or negative, that’s why risk
management is implemented to create a better understanding about the unknown
events that might usually come along the way. Defining risk and assuming that it
will happen, can provide awareness to each and everyone in the group and that
possible solution to it may be implemented on time. Risks are said to be a
threat if it only suggests negativity to the project. Threats usually decline
the growth of the project which is the common fear anticipated by any one.
That’s why they provide more attention focusing more on handling threats. It is
more likely that the “threats” are more dominant rather than “opportunities”. On
the other hand, risks are considered opportunity if it provides a positive
output. Sometimes opportunities in project are taken for granted because of
considering the treats a more serious problem than it. However, there should be
a proper identification of both to prevent a more complicated situation that
might occur instead of lessening the problems that could possibly happen.