Thomas is the project manager of the NHJ Project for his company.
He has identified several positive risk events within his project and he thinks these events can save the project time and money.
Positive risk events, such as these within the NHJ Project are also known as what?
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A. B. C. D.A.
The correct answer is A. Opportunities.
Positive risk events are those events that have a positive impact on a project's objectives if they occur. They are often called opportunities because they represent a chance to gain benefits or take advantage of a situation.
In the NHJ Project, Thomas has identified several positive risk events that he believes can save the project time and money. By recognizing and taking advantage of these opportunities, he can improve the project's performance and achieve better results.
On the other hand, negative risk events, or threats, have a negative impact on a project's objectives. Examples of threats include delays, budget overruns, and quality issues. It's essential to identify both positive and negative risks and develop strategies to manage them effectively to ensure project success.
Therefore, in project management, it is essential to identify and manage both types of risks, opportunities, and threats. By doing so, project managers can increase the chances of achieving project success by maximizing opportunities and minimizing negative impacts.