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Upside of risk > Upside of risk - Pg. 178

178 Risk Assessment Ta b L E 17.1 Upside of risk Fewer disruptions to normal operations and greater operational efficiency, resulting in less downside of risk Ability to seize an opportunity denied to competitors because a better-informed view of the management of risk is taken Seeing cost-effective solutions to a problem or risky feature of a contract that your competitors do not see Deliberately identifying events that will be positive during the risk assessment and deciding how to manage those events Opportunity management, whereby a detailed evaluation is undertaken of new business opportunities before deciding to take the opportunity Achieving a positive outcome from a situation that could have gone wrong without good judgement /risk management Achieving compliance/risk assurance in difficult circumstances as an unintended/ automatic consequence of good risk management