Enterprise Opportunity and Risk
February 2006
B. E. White, The MITRE Corporation
ABSTRACT
In traditional systems engineering (TSE) environments, and particularly in recent years, many are concerned about risk management. So much so that risks are identified early and often, and mitigation techniques are aggressively pursued. In contrast one does not hear as much about opportunity management. What about enterprise systems engineering (ESE) environments? Do traditional methods of handling risk and opportunity carry over, or should we be concerned about potential changes in the way we view the problem? Assuming there are new perspectives to bring to bear on this topic, what are they, and what principles might be discovered and applied to the enterprise to better deal with opportunity and risk? This paper offers some answers to these questions:
- There is duality in treating risks and opportunities.
- In ESE, be aggressive with opportunity and accepting of risk.
- The greatest enterprise risk may be in not pursuing enterprise opportunities.
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