What is a definition of opportunity. How is an opportunity different from a problem?
What is a definition of opportunity. How is an opportunity different from a problem?
Answer:
Opportunity- An opportunity is often considered as a favorable set of circumstances which will positively be beneficial either for a person or group of people or any living existence if pursued. Opportunities are mostly a scope or chance for progress and betterment.
The comparison of opportunity vs problem becomes relevant in the aspect of project management. The basic difference of these two terms are well-known to many but in connection to Project management, problems are considered as a limiting factor that hinder the organization from achieving its business objectives. Before defining the problem statement, an organization must identify the cause of the problem and then should approach the ways of solving it. On the contrary, opportunities are favorable set of alternatives, available for the organization which will bring growth and success if pursued properly.
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