In general, risks are considered possible, negative events. However, in the PMI context, risks refer to both negative and positive potential events. Another name for positive risks is opportunities. In the SWOT framework, positive risks are both the opportunities and the strengths. Strengths are internal, positive possibilities. For example, other activities in the organization may create expertise or deliverables that will assist this project. Opportunities are the external conditions that may assist the project. For instance, a change in government regulations or market conditions may result in a reduction in the simplification of requirements or lower the price of necessary resources.
The PMI strategies for handling positive risks or opportunities are
In contrast, see the strategies for negative risks or threats.