6TH EDITION OF PiLAF’s BROWN BAG SERIES:
CREATING AWARENESS FOR NIGERIA ENVIRONMENTAL AND SOCIAL POLICY IN AGRICULTURE AND SOCIAL POLICY by Prof. Olutokunbo B. Oyesola
Environmental and Social Policy sets out objectives, procedures and guidelines to manage risks, monitor
and report associated development intervention. It is about risk management associated development project. Risk is defined as “an uncertain event or condition that, if it occurs, has a positive or negative effect on project’s objectives.”
It’s worth noting here that while most people may think of risks solely as being negative in nature, the term “risk” as defined by PMI could also be used to
describe a positive effect on a project’s final outcome.
These two different types of risks; positive risks and negative risks, are often referred to as “opportunities” and “threats,” respectively