In addition, plans regarding the scope and scale of a project can help mitigate the instances of delay or going over budget. Incentives also have a profound role with risk. Incentives could be used to help achieve a desired result will abating the influences of risk. Incentives that encourage projects to be completed prior to the deadline will help reduce the risk associated with going over budget. In addition to identifying threats, why should project stakeholders also look for opportunities?

Project stakeholders should look for opportunities for a litany or reasons. From the prospective of GTS, properly identifying opportunities allows the company to expand existing relationships with customers. By identifying opportunities and providing solutions to those problems, expands the relationship with the client. In addition, the solutions, expertise, and product knowledge obtained through the solution can be used...

In this instance, the new solution is scalable resulting in incremental profit growth without the increase in expenses needed to produce the profit growth. This will allow GTS to expand its geographic footprint, capture market share, and service more clients. From the company perspective, it is beneficial to have technology partners who are willing to find and implement solutions on the company's behalf. This provides a competitive advantage relative to peers as technological solutions help provide financial and operation efficiencies. Also, through a strong technological partnership, the company is better able to help GTS find solutions that are relevant to the company in regards to a specific need. This further enhances efficiencies within the organization.
References

1) Crockford, Neil (1986). An Introduction to Risk Management (2nd ed.). Woodhead-Faulkner. ISBN 0-85941-332-2.