17.2. Risk Management
How can risk management be viewed from a business perspective?
Managing risks is a fundamental aspect of any business. Most managers understand that market threats and opportunities (read as risks) can drive enterprise business strategies. From a business perspective, risk is an uncertain event or condition that, if it occurs, has a positive or negative effect on specific planned or in-process strategic initiatives and their supporting objectives. The consequence of these changes can have technical, schedule, or cost impacts; often, risk affects all three.
Many managers view risks as having negative consequences, but potential changes can also present positive opportunities, such as additional customer funding, (i.e., positive ...
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