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TOPIC: Question Risk and Opportunities.

Risk and Opportunities. 6 years 7 months ago #2187

  • Tarek Al-Fahham
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A possible major redution in fuel prices in the future, where our Project depends on fuel as one of the major resources, is this considered as Risk / Opportunity ?

The reason why I am asking this question, becuase I understand from PrepCast, in general, the a Risk / Opportunity (+ve) is something that my seem bad in the beginning, but you can take advantage of it and you can make it +ve. I am refering to the example you mentioned in the PrepCast, where the number of visitors might be more than expected, and you cannot manage this.

Appreciate you clarification.

Tarek.
Last Edit: by Tarek Al-Fahham.

Re:Risk and Opportunities. 6 years 7 months ago #2196

  • Adam Leslie
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In studying from Rita's book, I learned this:

business risk: opportunity of a gain or a loss
pure risk (insurable): only risk of a loss
Regards,

Adam

Re:Risk and Opportunities. 6 years 7 months ago #2200

  • Tarek Al-Fahham
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So this menas, a possible reduction in fuel prices is a +ve business risk, right ?

Tarek.

Re:Risk and Opportunities. 6 years 7 months ago #2204

  • Adam Leslie
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I would say yes.
Regards,

Adam
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