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To solution of not allowing the young women in workshops by the families this is that good way to circulate information to families before Workshops begin

Accepting a risks in a project is Common and we have to make a proper plan for it to avoid a risk in future

One time I accepted a risk on a project survey was delay due to means of transportation all the people resided in community I had to face a risk and accept it.

Some times you can take a risk ,sometimes in positive way or negative to success

Accepting risks is an integral part of any successful project or business. There will always be risks involved in any venture, whether small or large. However, it is important to understand that not all risks are equal and therefore should not be treated in the same way.

There are some risks that can be easily managed or even avoided altogether. For example, careful planning, early identification of potential issues, and effective mitigation measures can help reduce the likelihood and impact of certain risks. However, other risks may be more difficult to manage and may require a greater tolerance for risk.

Accepting risks can be beneficial in some situations. If a risk has a low likelihood of occurring and a relatively low impact, it may be better to accept the risk and proceed with the project. In some cases, taking calculated risks can lead to unexpected opportunities and significant benefits.

However, it is important to note that accepting risks does not mean simply ignoring them or avoiding risk planning and mitigation. It is important to carefully assess each risk and make informed decisions about how to manage them. It is also important to be prepared to take contingency measures in case accepted risks become real problems.

In summary, accepting risks is an integral part of any successful project or business. However, it is important to make informed decisions about how to manage risks and be prepared to take contingency measures in case accepted risks become real problems.

We currently have similar risk situation in my organization. the coming presidential elections is around the corner, because of the civil unrest that mostly comes with elections, we decided to shift a training we were supposed to have to three weeks after the election. this will give us time to study the atmosphere and decide best location to carry out our training. this is the mitigation strategy we employed.

Accepting RIsks is a necessary step to overcoming personal boundaries and to progress through personal development.
Passing our comfort zone is the way we can grow as positive individuals

Accepting RIsks is a necessary step to overcoming personal boundaries and to progress through personal development.
Passing our comfort zone is the way we can grow as positive individuals

Thats a great point

That is good to be know how to Response and Account and Consulted and informed to assign for the tasks

One time I accepted a risk was when I planned and confirmed a field trip for stakeholder consultation meetings without some of the stakeholders confirming their attendance.

From my point of view, it is acceptable to accept risks, when they are calculated and controlled, they can have a small impact inside the project or the people who work there.

accept risks is the best way to monitor them and ensure effective solutions.

upcoming presidential election always have a negative impact in any project. so the project team should always try to make great effort how to avoid it

One time I accept risk was when I bought provisions paid a house rent nd resumed school in the high institution without given an admission, but with the hope that my name will be out in the third list…

I think generally it is okay to accept risks in either of the 2 scenarios;

1. When there is no major difference or pertinent variation in project deliverables/goal due to the identified risk. The occurrence of the specific risk does not significantly affect the outcome of the project.
2. When the risk requires relatively large resource to mitigate or avoid in proportion to its impact.

One time we wanted to drill a borehole in a community, and the procurement process took longer than expected the raining season came and the Community became inaccessible, the Contractor could not get into the community and the project was also coming to an end, so we accepted the risk and had a different intervention that is not time consuming in the community after the season.

In construction projects, permitting and city sign-offs are usually the most risk on completion time frames as you are at the mercy of multiple city building inspectors, fire dept. etc. I usually do a FMEA plan (same as this activity) to attempt to assess, mitigate, and plan for these types of delays.

I have not been able to personally accept a risk, but I have worked under some project which were faced with a risk with Procurement delays in supplying items for a project, and the Project manager had to accept the risk as well as looking for alternative suppliers (local) in the neighbourhood

Thanks for sharing

one time i accepted a risk on project was apolitical war. I accepted it because political intervention of the presidental election of somalia.

Accepting risks and determining how to deal with them are among the most important factors for the success of the project, which may be avoided, minimized or accepted.

Sometimes risk are inevitable and cannot be managed, so accepting it would be the best course of action, however, they shouldn’t be of high impact to the project

accepting risks, it it better not repeat it self

i think that was a good call, like you said the fund would eventually be released. It's a kind of risk you have to take on.

Risks are inevitable. It is crucial for every project to identify risks in order to identify which response is appropriate to each identified risk such as accepting it especially if it is a low-priority. This way, project manager and implementers may have foresight of the possible obstacles and bottlenecks they may encounter along the way.

One time that I accepted a risk was when our major fundraising event was derailed due to Covid still not being resolved by our October 2021 planned date for the event. I accepted it because this environmental risk was beyond my control, and we had a group of donor stakeholders who wanted to run the event regardless of Covid. I monitored the risk of a major Covid outbreak in our city during the fall. I created a Covid outbreak prediction tool, inputting the data I had from public sources at that time, and by August 2021, I had determined that the risk of having our event in person was too great. We would generate an outbreak. So I had prepared in advance that if this took place, we would mitigate the risk by transitioning the event to a fully online event, and had videotaped all of our speakers and prepared to knit all of these speeches and stories together into a 30-minute video if necessary. I had also prepared that if we had to cancel, we would not be held to a contract with the venue itself, saving money. As it turned out, my Covid prediction tool was entirely accurate, and Covid cases peaked in my city during the week of the October 2021 event.We had to cancel, shifted all of the event to virtual, and still made money although not as much as we would have in-person. Doing this mitigation satisfied our stakeholders, saved our reputation as a charity that would not endanger vulnerable people to make money, and ensured that when we did host our event in-person in 2022, we made more money than ever before!

Yes, I agree that low-priority risks are best, but sometimes you have to run a project in the face of a high-priority risk. You have to get creative about mitigation in those cases.

my project is built a water station on a far village and in the middle of supply the construction materials un unexpected fall and the street closed to the village so we had to stop supplying for 5 days.

the suppliers most excuse for delay on most of project I worked in is the bad road.

I have accepted risks of scheduling delays, on many projects, when I am confident that the end date will be pushed out by another party. Unfortunately the accepted risks that end up not happening, are easily forgotten

My thought on accepting the risk is when i had requested for funds to do a familiarisation tour, the request was approved and authorised, but because we are a grant aided institution, such funds can only be released when the grant is received from the ministry. In that case i had to choose to wait and monitor.

Its okay to accept a risk when it will not dramatically affect core business? An example was continuing to run an outdoor fundraising campaign in spite of poor weather conditions. We did this because cancelling or postponing the event would have had a negative effect on our reputation.

I have accepted so many risk and the results were good but there is one that I probably still learn from it. I accepted to dispatch some outfits to a client because he had paid 90% and promised to clear the 10% balance once the goods been received. one year down the line I have never heard from him.

The way I understand it, we only accept the risk if there is little impact to the project implementation and there is low likelihood that it will happen. We always had problems with the procurement of the items that we need for our advocacy projects. Although we always anticipate the delays, there are times when a supposedly one month processing stretches to three months. Luckily, these items (although important), can be distributed to our partners and beneficiaries even at a much later time. so we just needed to follow through with our organization's procurement team every now and then so we can adjust with our timelines.

a dam have filled in its volume and then on the verge of make flood to a town so may identify that the may come if rain falls more.
this is the risk that can be identified well as i understood the topic
thanks.

One time that I accepted a risk was starting a medical campaing in rural area without medical supply. I accepted it because the supplier was late on delivery of medical supply. then, we did many other activities while waiting for that medical supply

I have learnt that some of risk mitigation factors affects the sustainability of project post implementation. For example, for a project that targets adolescent girls and young women, one would like to mitigate the risk of " beneficiaries may not be interested to attend weekly training sessions " by providing snacks (food during training).
Post project, if beneficiaries still have to meet frequently, they may not continue with meetings because there will be no food provision and it is even worse for other projects that may be implemented in that area without budget for food snacks for beneficiaries - they may experience poor registration and / or attendance

Am learning exciting new things.

we should accept the risk if to mitigate it cost much, more than the project could afford, or there is nothing we can do because it is an external factor that we cant interfere

Risk Management is key for managing Project. We should always envisage for risk even when we think there is nor.

One key tool for accepting risks is risk tolerance. Risk tolerance refers to the level of risk that an individual or organization is willing to accept in pursuit of their goals or objectives. It involves assessing the potential consequences of a risk and determining whether they are acceptable or not.

An example of risk tha you accept is a socio-economic risk. For example: civil unrest/protest as a result of change in government policies. Terrorist attacks, elections (in nigeria any kind of election usually ends up in nation wide violence)

I would like to share my experience in accepting a risk: I planned to co-ordinate a workshop for the staff. All kinds of planning were done well in advance. Last minute, the resource person who had to handle class in workshop, could not make it possible. I could not spend any resources and alternatives at the last moment, at the same time - I could not stop the workshop. In this situation I decided to conduct session on my one. I accepted the situation and did not allow the affect the project. Why I decided to handle it on my, If I have to hire external new resource person - I have to pay more for which I do not have enough resources.

Of course, sometimes a few risks are not in our hand. We might find difficult to handle the risk. Ex: Cost, political influence, weather, natural calamity, health issues. We have to accept and wait for it resolve on its own..

Its the real fact for the some cases. We may not avoid and have to agree risks that would not affect the project much.

The decision to accept a risk should be based on a careful consideration of all relevant factors, including the potential impact, likelihood, cost, and available risk management options.

il est acceptable d'accepter un risque lorsqu'il est peu probable qu'il se produise et que les conséquences de sa réalisation sont minimes.

merci pour vos expériences

One risk I have accepted in the past was the driver running late to pick me to purchase supplies for an event, because of traffic. The day I planned to shop was a week before the event so I had time, I accepted the risk because it was low to me and even if the driver doesn't make it on time, I can go shop the next day.

the risk we accepted in the project is the access to beneficiaries in a complicated context , we kept monitoring the situation while doing the work . Once the situation change and there become a threat of reaching the beneficiaries we will stop temporary and think on mitigations .

During the construction of a well in a village, we identified a meteorological risk (heavy rainfall). We chose to proceed because in this area, it rains for 9 months out of the year, and our human resources were only available during that period.

I agree with this

As a project manager, I once faced the risk of market volatility for a new product launch. Although there was a possibility of decreased sales due to uncertain market conditions, my team and I decided to accept the risk. We believed that the potential rewards, such as gaining a competitive advantage and entering a growing market, outweighed the potential losses.

We carefully evaluated the market landscape, conducted market research, and analyzed the potential impact of market fluctuations on our project. We also considered the cost and feasibility of mitigation measures. After weighing the pros and cons, we concluded that accepting the risk aligned with our organization's growth strategy and objectives.

I accept a risk when my project funding was delayed because could start the the project activities, writing report on scheduled time based
on term& condition of funder.

I accept the risk when my project funding was delayed because I didn't start the project activities, writing project reports on scheduled time based on term & condition of funding regulations.

FOR ME I THINK IT IS OKAY TO ACCEPT A RISK WHEN IT HAS A LOT OF DISADVANTAGES TO THE PROJECT'S PROGRESSIION THE ONES ON THE CRITICAL PATH

one day i accepted the risk of traveling without an umbrella because it has been long since it rained

Risks are always present in any project. Even with Proper planning
Every projects must have a contingency Plan.

I once had to accept the risk of occurrence of political protests happening during a scheduled training week. However, since the training schedule had a tolerance delay period of an extra week, i was able to avoid this by administering the training the week after.

most of the times even in our daily life we encounter risks but the impact of the risk is low or perhaps it wont go to happen in high percentage so we just see it as a risk and just keep a close eye on it.

identificar los riesgos es lo más importante porque estamos conscientes de su existencia y podemos generar estrategias para atenderlos.

In 2020/2021 we identified the risk of covid-19 pandemic but we mitigated it by staying and working from home and most of the meeting were via social media e.g zoom
Thank you.

I was recently a part of a high risk decision at our organization. There was a decision to be made in how the organization should move forward in light of corporate change. The risk to respond in a way that would involve separation from the bigger entity or to continue as usual would potentially cause dissatisfaction and cause people to abandon ship. We ultimately decided to continue as usual and we lost some loyal members.

Sometimes, it rains torrentially, roads are under water, traffic problems grow. Therefore, some people stay at home and other cannot reach their respective destinations on the time. In fact, we can not prevent it, but accept and wait.

One time that I accepted a risk was when I was collecting data in an unsecured area . I accepted it because I didn't want to compromise my sampling selection plan. however I mitigate situation by dividing my team into two and I was able to safe half of the time in that area.

I would advise that you plan ahead so that you can still have the workshop in the after month of the election

One time that I accepted a risk was when a team member fell sick. I accepted it because I could fill in the vacuum of the team member on a part time basis and I didn't want it to accept our project timeline.

@vagafufagu41 said in Module 3 Discussion: Accepting Risks:

One time I accepted a risk on a project was funding delay. I accepted it because the funds were already approved and will eventually be released.

That was a good one.

Accepting a risk and knowing how to response to the risk

It is always best to prepare for a risk in the course of the project's progression. Every element that poses as a threat to the project, should always be closely monitored, regardless of either a higher risk coding nor a lower risk coding. Therefore, the emergence of the risk should be accepted but there should be a preparation been made prior to its occurrence.

I have always tried avoiding risk in the course of this project I have been engaged in because taking any risk will affect the funding and it will be a rigorous process convincing the donors to increase funding and it will slow the pace of the project.

In a wetland restoration project, the risk of encountering soil contamination was accepted due to budget constraints, time sensitivity, and community benefits. Risk assessment and periodic monitoring were employed to manage the risk effectively, allowing the project to proceed successfully without major setbacks.

one time I accepted risk was the weather forecast, I accepted it because it cannot be controlled. we just made necessary plans to control as much damage as we can should it Rain.

This was well accessed. well done

seeing an event ina a time of event or programme implementation my be difficult to resolve , therefore we need to find a quick solution to the problem, which may sometimes cause another problem while we say we are trying to mitigate the 1 at hand

i once accepted risk during covid 19 outbreak,in my school parents had not paid fees but the government declared all school closure..even though i incured loss i had to accept

I have learnt the process of dealing with risks.First and foremost you can mitigate, reducing impact of the risk.Secondly you can accept and therfore monitor the risk.Thirdly you can transfer the risk to athird party like insurance.Finally you can prevent a risk and avoid it completely.?

One time I accepted a risk was when a resource person told us just on the eve of the training that he would not be present for his session. He promised to send another person whose competence to deliver, we could not ascertain. We either take the alternative with the baggage he would come with all miss that session.

La seule fois ou j'ai accepté un risque c'est parce qu'il était extérieur au projet et réalités de la zone d'intervention nous étaient favorables pour continuer le projet. Mais il nous est arrivé d'atténuer un risque dans un projet d'étude d'impact de foyers améliorés en milieu rural. Toutes les bénéficiaires n'avaient pas pu recevoir leurs foyers à temps, cela a créé une perturbation dans la poursuite de l'étude. Mais nous avions su le gérer et mener à bout notre étude.

Risk are practically inevitable in our every day dealings,work,project and so forth. What matters is the ability to recognise and identify those risks,weigh the likelihood and impacts and draw out modalities to effectively response to or mitigate those risks. In fact,we are not in a position to reject some of these risks because they are not in our hands,we can only mitigate/reduce their impacts when they eventually occured.

I accepted a risk of being victimised when I was in my undergraduate by speaking out against a discriminatory policy of the department at the time which would have made a greater number of the students to miss their final exam but I spoke out and mobilised for a protest because I felt this action would force the authority to rescind their decision and it worked.

When I was in college, I had the opportunity to study abroad in a country that was not considered to be very safe. I knew that there was a risk of being robbed or assaulted, but I also knew that this was a unique opportunity that I might never have again. After careful consideration, I decided to accept the risk and study abroad. I had an amazing experience, and I am glad that I did not let the fear of risk prevent me from taking advantage of this opportunity

One time that I accepted a risk in a Project Structured for unemployed youths in the Church was because I wanted to learn how to resolve problems. However, it wasn't an easy task proffering solutions to these risks encountered but it was worthwhile engaging in them.

A manager accepts a risk when has no control over the situation, but should constantly and closely monitor it to reduce its impact on the project or business

In one of my consultancy projects, I made the decision to accept the risk of not being able to secure enough interviews with large-size enterprises. These entities are often challenging to reach in significant numbers within a short timeframe, and it was a risk I was well aware of. However, I opted to accept this risk because, upon thorough assessment, I determined that while the likelihood of encountering this issue was relatively high, its potential impact on the overall project success was relatively low. Moreover, we had effective risk mitigation strategies in place. Instead of relying solely on random sampling, we were prepared to leverage existing contacts and implement a purposive sampling instead of the original plan with random sampling, which would have allowed us to maintain the project's integrity even in the face of limited access to certain participants.

the identification and evaluation of risks makes it possible to classify them in order to anticipate their occurrence. solutions have already been considered in order to reduce the impacts of risks on the implementation of the project

Your decision to accept the risk in the project involving children attending a training session is understandable given the circumstances. It's important to consider community-specific factors and practicality when making risk decisions. Here are a few points to consider:

Risk Assessment: While you accepted the risk based on the unlikelihood of rain during the summer months, it's essential to have conducted a thorough risk assessment. Consider factors like historical weather patterns, alternative transportation options, and the impact of potential rain on the training session.

Contingency Planning: Even when accepting a risk, it's prudent to have a contingency plan in place. For example, you might have considered a backup indoor venue or a transportation arrangement for children who couldn't walk in case of unexpected rain.

Communication: Ensure clear communication with stakeholders, including parents or guardians of the children, about the potential risk and your decision. Providing them with information and options can help manage expectations.

Documentation: Document your risk assessment and the reasons for accepting the risk. This documentation can serve as evidence of a well-considered decision if any issues arise later.

Monitoring: Continuously monitor the situation and be prepared to adjust your approach if circumstances change. If there's an unexpected weather event, having a plan in place can help you respond effectively.

Overall, your decision to accept the risk seems reasonable given the information you had at the time. Still, it's essential to balance risk acceptance with prudent planning and clear communication to ensure the project's success and safety of all involved parties.

Accepting a risk can be a reasonable decision in various situations. Here are some scenarios when it's okay to accept a risk, along with an example:

1. Low Impact, Low Likelihood: If the risk has a low probability of occurring and would have minimal impact on the project's objectives or outcomes, it may be acceptable to accept it. For instance, in a software development project, there might be a low likelihood of a minor bug occurring that doesn't significantly affect the end-users.
2. Resource Constraints: When you have limited resources, such as time, budget, or manpower, and the cost of risk mitigation exceeds the potential impact of the risk, accepting the risk can be a pragmatic choice. For example, in a construction project with a tight budget, you might accept the risk of minor delays due to weather conditions rather than investing heavily in weatherproofing measures.
3. Strategic Decision: In some cases, organizations deliberately accept certain risks as part of their strategic objectives. For instance, a tech startup might accept the risk of launching a minimum viable product with known limitations to be the first to market and gather user feedback quickly, even though there's a risk of initial product dissatisfaction.
4. Risk Transfer: Sometimes, you can shift the risk to another party through contracts or insurance. This is a form of risk acceptance where you acknowledge the risk but transfer the responsibility for managing it. For instance, in a construction project, you might accept the risk of equipment breakdown by having a maintenance contract with the equipment supplier.
5. Market Volatility: In industries influenced by market fluctuations, like finance or commodities trading, it's common to accept some degree of financial risk as part of the business model. Traders often accept market risks, and their strategy is designed to manage and profit from them.
6. Limited Control: If you have little or no control over a particular risk, you might accept it and focus on developing contingency plans. For example, in a project heavily reliant on a third-party vendor, you might accept the risk of vendor-related delays but have a backup vendor in mind as a contingency.
   In my experience, I've encountered situations where we accepted certain risks due to resource constraints. For instance, in an agriculture development project with a tight budget and a fixed deadline, we identified the risk of potential scope creep as we engaged with the donor. However, due to limited resources and the urgency of the project, we decided to accept this risk but implemented a robust change control process to manage and document any scope changes that did occur. This allowed us to maintain project momentum while still addressing changes as they arose.

It's commendable that you took on the challenge to learn problem-solving through managing risks. Reflecting on these experiences and lessons learned will likely benefit your future projects. Keep up the determination to grow your skills!

Thanks to all for sharing project risks in your own way from your experience. I learned a lot.

one time i was organizing a project on keeping the environment clean, i had to keep in mind that rain could fall at anytime despite we were not in the raining season. And because that project must go on i had to accept that risk and monitor the weather climate weeks before the project.

I think the biggest risk for our program has been leaving for a professional career before graduation. there is not much that we can do to avoid this and really have to just take it case by case and respect the students career decisions.

yes.
Accepting risk occurs when a business acknowledges that the potential loss from a risk is not great enough to warrant spending money to avoid it.

One day we accepted the risk of participating in the Global giving Foundation Fundraiser, the risk seemed big; since we were not sure if the money would come after one month as was the rule, but the outcome was so attractive so we decided to accept and mobilize people to support us through the platform, It came as was promised and from then Global Giving has been our major source of income to date because of the single risk that we accepted.

One time I accepted a risk on a project was developing digital government reports delay. I accepted it because there are so many obstacles behind that and finally others did it instead of me.

I think risks that you can easily take care of should be more readily accepted

Accepting risks with low risk level is OK by me because it even it happens, it will not completely shut down the project. And with such risk, the delay can easily be monitored and controlled.

In my project, we have a director who has been highly supportive of its implementation. However, there is a potential challenge on the horizon as the current director is scheduled to go on retreat soon. This could potentially lead to delays or issues, and in a worst-case scenario, it might even result in the project's cancellation.

The incoming director may have a different perspective or prioritize other projects over ours. Despite these risks, I've accepted this situation because there aren't any viable alternatives at the moment. During the current director's tenure, I've worked hard to build strong alliances across various departments. If the new director does decide to make changes, they may encounter significant resistance from the allies I've cultivated, which could influence their decision regarding the project's fate.

Iam impressed with how the team lined up the risks and how each risk was responded to accordingly .I feel this is something iam going to share with my team it will definitely help us with managing our projects risks successfully.

One of our donors delayed disbursing funds by almost a month. I had to accept the risk because all the due diligence procedures had already been done including approvals of the funds so it was just a matter of prioritizing doing other tasks which did not have a bearing on the not-yet-disbursed funds.