Assessing Opportunity Risk
All progress involves risk. Nothing significant is accomplished when the objective is to minimize risk. Of course, determining if the risk associated with an opportunity is reasonable requires an evaluation of its expected benefits. Risk and return. But there’s one more consideration. These 3 steps help assess if an opportunity risk is reasonable: Value the projected benefits of taking the risk and the probability of realizing them. Is that probability low (25%), medium (50%) or …
