Risks can be threats, opportunities or both. Threats and opportunities are defined for risk assignment depending on results of the risk outcome. Negative risk outcomes mean opportunities.

Example 1:
Risk: Change Requirements
Outcome: Fixed Delay
Result: 2 days
This is a threat

Example 2:

Risk: Change of technology
Outcome: Delay in technology introduction
Result: -10% Low
This is an opportunity: a negative number indicates that this is an acceleration rather than a delay of the technology introduction

Example 3:
Risk: Chance of supplier
Outcome: fixed cost increase
Result for mutually exclusive alternative 1: $30,000
Result for mutually exclusive alternative 2: -$20,000
This is both a threat and an opportunity depending upon the supplier.

See also

Risks in RiskyProject

Risk Matrix