Examples of positive risk

The following are some examples of positive risk for technology, project management, and cybersecurity.

Technology positive risk

One example of a positive risk in technology is that the implementation of a technology could lead to a reduced cost of wages. For instance:

1. Implementing the technology could lead to greater business efficiencies.

2. These efficiencies could lead to reduce labor.

3. Reduced labor could lead to reduced cost of wages.

Project management positive risk

One example of a positive risk in project management is the miscalculation of a project budget could lead to cost savings or funding additional projects. For instance:

1. Implementing a technology project early could result in the project manager miscalculating the project costs.

2. Miscalculating the project costs could lead to excessive project funds.

3. Excessive project funds could lead to cost savings or funding for additional projects.

Cybersecurity positive risk

One example of a positive risk in cybersecurity is the implementation of patch management could increase customer trust. For instance:

1. Implementing patch management could reduce vulnerabilities in the application.

2. Removing vulnerabilities could reduce application risks and make the application more secure.

3. Improved application security could reduce data loss.

4. Reduced data loss could increase customer trust.

Another example of positive risk in cybersecurity is the implementation of incident response could increase employee productivity. For instance:

1. Implementing incident response could lead to detecting increased network traffic.

2. Increased network traffic could lead to detecting employee misuse of resources by accessing content that isn’t work-related, such as music and video streaming services. These activities consume network bandwidth and can negatively impact network and application performance.

3. Detection of employee misuse of company resources could lead to blocking these services.

4. Blocking these services could reduce consumption of network bandwidth and increase employee productivity.

Finally, the last example of positive risk in cybersecurity is the implementation of an incident response plan could increase business opportunities and compliance with privacy laws. For instance:

1. Implementing an incident response plan could lead to quickly detecting and identifying malware and ransomware.

2. The identification of malware and ransomware could minimize the impact and mitigate the threat to company resources.

3. Mitigating the threat to company resources could lead to new business opportunities and help the business remain in compliance with privacy laws.