Certified Professional Contract Manager (CPCM) 2026 – 400 Free Practice Questions to Pass the Exam

In project management, the term 'opportunity' specifically refers to a measure of the probability of a positive desired change occurring. This concept emphasizes the potential for beneficial outcomes or advantages that can arise from a project. Opportunities are generally viewed as favorable events or conditions that can enhance the project's objectives or deliver additional value.

In the context of project management, recognizing and leveraging opportunities is crucial for achieving success. Project managers actively seek out opportunities to improve processes, reduce costs, or deliver superior value to stakeholders, contributing to the overall effectiveness and efficiency of the project.

The other options reflect aspects of project management but do not accurately capture the essence of 'opportunity.' For example, measures of negative changes are associated with risks, while strategies to minimize risk focus on safeguarding the project from potential downsides. The likelihood of project team success pertains to team dynamics and capability rather than the identification of beneficial changes or potential advantages.