Budget Risk / Cost Risk
Business Continuity Risk
Change Management Risk
Exchange Rate Risk
Health & Safety Risk
Information Security Risk
Project Management Risk
Project RisksProject risks include possible failures of the project itself such as a failure to manage scope, external risks such as political disruptions and internal risks such as concurrent change to an organization that invalidates some element of the project. The following are a few examples of a project risk.
An IT project documents the architecture risk that the architecture for the project will not support the project requirements and objectives such that the project needs to be rearchitected.
A construction project documents the legal risk of a dispute with neighbors of the construction site.
A project registers the risk that the project will go over budget. This is mitigated with project management practices and controls such as change control.
An IT project identifies the quality risk that a deliverable will not be accepted by the project resulting in costly schedule delays.
|Overview: Common Project Risks|
|Definition||The potential for losses related to a project.|