Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 1 1 00:00:01,170 --> 00:00:04,733 Finally, let's consider risk upside. 2 2 00:00:05,880 --> 00:00:09,250 Risk management also considers positive risks, 3 3 00:00:09,250 --> 00:00:11,790 or opportunities, 4 4 00:00:11,790 --> 00:00:14,830 uncertain events that could improve the project outcome 5 5 00:00:14,830 --> 00:00:16,580 or otherwise help the organization. 6 6 00:00:18,120 --> 00:00:20,850 Opportunities are managed by the risk process 7 7 00:00:20,850 --> 00:00:23,410 since the machinery is the same, 8 8 00:00:23,410 --> 00:00:25,940 with each opportunity having a probability 9 9 00:00:25,940 --> 00:00:28,133 and time and cost advantages. 10 10 00:00:29,770 --> 00:00:32,050 For example, they could be the potential to capture 11 11 00:00:32,050 --> 00:00:36,180 more business, or to solve more than one problem at once, 12 12 00:00:36,180 --> 00:00:38,593 for example, budget share with another department. 13 13 00:00:39,500 --> 00:00:42,340 They are often identified with the SWOT tool, 14 14 00:00:42,340 --> 00:00:44,710 since opportunities are easier to find once you have 15 15 00:00:44,710 --> 00:00:48,093 identified the strengths of your project or organization. 16 16 00:00:50,180 --> 00:00:51,960 The process is a good idea, 17 17 00:00:51,960 --> 00:00:54,320 since if you don't look for opportunities, 18 18 00:00:54,320 --> 00:00:58,230 keep a list, track them, and do something when you can, 19 19 00:00:58,230 --> 00:01:00,093 they are much less likely to happen. 20 20 00:01:01,790 --> 00:01:04,650 However, management will often challenge you 21 21 00:01:04,650 --> 00:01:07,620 to try and find enough opportunity time and cost 22 22 00:01:07,620 --> 00:01:10,223 to balance off the negative risk budget. 23 23 00:01:11,090 --> 00:01:13,140 This is almost never possible in practice 24 24 00:01:13,140 --> 00:01:15,060 and the negative risk budget 25 25 00:01:15,060 --> 00:01:19,000 should never be reduced based on the opportunity risks. 26 26 00:01:19,000 --> 00:01:20,500 They should not be counted on. 27 27 00:01:21,730 --> 00:01:25,510 And the team should never chase opportunities 28 28 00:01:25,510 --> 00:01:27,960 at the expense of the project performance, 29 29 00:01:27,960 --> 00:01:30,900 since their main job is to get the project done 30 30 00:01:30,900 --> 00:01:33,913 and protect it against the regular negative risks. 31 31 00:01:34,940 --> 00:01:36,920 So try to get someone else in the organization 32 32 00:01:36,920 --> 00:01:40,120 to take the lead on opportunities whenever possible 33 33 00:01:40,120 --> 00:01:41,483 and then support them. 2947