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What is a good example of an upside risk?

Union demands for wages, benefits, and work conditions are obviously unrealistic.



A team finishes its project two weeks ahead of the schedule.



A technician proves highly skilled, invaluable, and irreplaceable.



The organization would be the first major customer to install a leading edge information system.

User Rmbaughman
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Final answer:

An upside risk can be exemplified by a team completing its project ahead of schedule, indicating a positive outcome beyond expectations. In the context of unions, it's seen when union workers are open to new technology, foreseeing increased productivity and job security.

Step-by-step explanation:

A good example of an upside risk is when a team finishes its project two weeks ahead of schedule. This scenario highlights a positive deviation from the expected outcome, where efficiency and productivity have resulted in an early completion, potentially leading to benefits such as cost savings, early revenue generation, or the ability to start new projects sooner.

Another context where upside risk can be observed is in the relationship between unions and the introduction of new technology. While unions have sometimes opposed new technology due to fears of job loss, they also have facilitated new technology adoption where unionized workers feel protected thanks to the union's support. Union workers, generally having higher job market experience and training, might see new technology as a means to increase productivity, which can, in turn, lead to more secure and better jobs for them.

User Natalie
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