The functioning system in its operation al environment. Usually covers field operation s, training, repair, logistics support , upgrades, and related items . The personnel who functionally operate the system . The potential for improving the value of the project results . The cumulative effect of the chances of uncertain occurrences which will affect project objectives positively.
Opportunity is the opposite of risk .
The first phase in the generic project life cycle is often split into two stage s. In the first stage , i.e. concept or marketing , initial work on defining the opportunity should be enthusiastic and open-minded. Modeling of the options and their realization should be as extensive as is cost effective . An inclination to put the most favorable construction upon action s and event s or to anticipate the best possible outcome . The shortest of the three duration s in the three duration technique or PERT .