Assessing Opportunity Risk
All progress involves risk. Nothing significant is accomplished when the objective is to minimize risk. While evaluating the expected benefits of an opportunity is key to determining if its related risk is reasonable, there’s one more consideration that should be included in your assessment. These 3 steps help weigh if an opportunity’s risk is reasonable: Value the projected benefits of the opportunity and the probability of realizing them. Is that probability low (25%), medium (50%) or high (75%)? Assign an …
