The riskiest thing we can do is just maintain the status quo. – Bob Iger
Accepting positive risk is a passive strategy. You accept your current situation as is or what might happen. For example, you accept that your boss might give you a raise before the next annual performance rating. This is highly unlikely, therefore, you should accept that there’s room for proactivity towards managing your life and career.
Courtesy of PM Study Circle (http://pmstudycircle.com/2015/05/risk-response-strategies-for-positive-risks-or-opportunities/)
Managing positive risk is indispensable towards increased personal and professional growth. There are four positive risk techniques: enhance, exploit, accept and share. Enhancing positive risk means distributing the risk among participants. For instance, if your team lands a huge contract, they will split the bonus money amongst themselves. Enhancing a positive risk is a win-win situation both individually and collectively. You can post the project accomplishment on your resume and LinkedIn as a team member while simultaneously highlighting your contributor. This is all the more reason to employ this technique.
Here at www.positivitychange.com we focus on managing positive change. I’ve come across PM Study Circle’s Risk Response Strategies for Positive Risks or Opportunities’ (http://pmstudycircle.com/2015/05/risk-response-strategies-for-positive-risks-or-opportunities/) . This article lists four positive risk strategies. There are risks involved when trying to effectively manage positive change. I’ve decided to highlight each positive risk strategies in future blog posts.
Today is September 1st, the ninth month of 2015. If you haven’t completed what you want to thus far, I have good news and bad news. First, the bad news: 2/3 of 2015 is gone. Now, the good news: 1/3 of 2015 is left and you can still accomplish your goals with four months remaining. You can divide your tasks into quarters. September is the 1st quarter. October is the 2nd quarter. November is the 3rd quarter. December 4th quarter. Prioritize your must have tasks by quarters. Next, fast-track and accelerate mandatory tasks during the 1st quarter (September) by doing more than one task at the same time. Fast-tracking would increase risks which is why you would develop a contingency plan to handle any potential bottlenecks. Monitor the fast-track items’ progress with biweekly reporting to determine if you need to reallocate your resources. Finally, create a monitoring schedule for October through December to complete the fast-track tasks before the end of this year. Following these steps will ensure that you can still complete your mandatory tasks in the final third of the year.