What is presented as “striking a balance between positive and negative outcomes resulting from the realization of either opportunities or threats”?
What is presented as “striking a balance between positive and negative outcomes resulting from the realization of either opportunities or threats”?
Risk Management is the discipline that focuses on understanding and addressing the uncertainty of outcomes, both positive and negative, that may arise from opportunities or threats. This involves identifying, assessing, and managing risks in such a way that any potential negative impact is minimized while potential benefits are maximized, thereby striking a balance between these outcomes.
https://pubs.opengroup.org/togaf-standard/integrating-risk-and-security/integrating-risk-and-security_3.html 3.1 Enterprise Risk Management The Information Technology security and information security industry has evolved over its lifetime a view of operational risk that is concerned only with threats, vulnerabilities, and loss events (negative impacts). However, as noted earlier in Section 1.2, this Guide uses the ISO 31000:2009 [6] definition of “risk”, an “uncertainty of outcomes”, and risk management is presented as striking a balance between positive and negative outcomes resulting from the realization of either opportunities or threats.