Cost Overrun
The potential that you will run overbudget.
Revenue Risk
The risk that revenue will fall short resulting in problems funding your budget.
Estimate Accuracy
The risk that cost estimates are inaccurate.
Exchange Rate Risk
Exchange rate volatility that increases your costs.
Schedule Risk
Delays to the schedule typical increase the costs of a project or initiative.
Unplanned Costs
Unanticipated costs such as fines.
Scope Creep
A tendency for the scope and cost of projects to increase due to poor change control or poorly defined requirements.
Price Risk
An increase in the price of inputs such as consulting or IT services.
Inflation Risk
A broad-based increase in prices.
Partner Risk
Poor performance of a partner that results in increased cost.
Resource Risk
The risk that resource issues such as employee turnover will result in missed deadlines and increased costs.
| Overview: Budget Risk | ||
Type | ||
Definition | The potential for assumptions and estimates built into a budget to be inaccurate resulting in budget control issues such as cost overruns. | |
Risk Treatments | ||
Related Concepts | ||
