What is the term for deciding to take on more risk to pursue an opportunity?

The term for deciding to take on more risk to pursue an opportunity is often referred to as "increase." In the context of risk management, this concept implies that an individual or organization acknowledges the potential risks involved in pursuing a new opportunity and consciously chooses to accept those risks in hopes of achieving a greater reward or benefit.

This strategic approach indicates that the benefits of pursuing the opportunity outweigh the potential negatives associated with the increased risk. Moreover, it showcases a proactive mindset where risks are evaluated and accepted rather than avoided, facilitating growth and innovation. This understanding is essential for decision-making processes in business analysis, where balancing risks and opportunities is crucial for successful outcomes.

The other terms listed do not pertain to the act of consciously taking on additional risk in pursuit of an opportunity. For example, mitigation refers to the process of reducing risks or minimizing their impact, while "both in and out scope" pertains to project management scopes rather than risk acceptance. Function points are used as a measure to understand the functionality of a software application and do not relate to risk-taking behavior.