project risks

 

Here is my favourite definition of risk:

Risk is a bad thing that can happen on your project, but you are not entirely sure it will

Below you will find a tables 1 and 2 with ten most common risks and ways to address them both early (highly recommended!) and late in the projects.

Table 1

Table 2

And what are your “favorite” project risks and what do you do about them? Please leave your comments below.

About the Author

Jamal Moustafaev, MBA, PMP – president and founder of Thinktank Consulting is an internationally acclaimed expert and speaker in the areas of project/portfolio management, scope definition, process improvement and corporate training. Jamal Moustafaev has done work for private-sector companies and government organizations in Canada, US, Asia, Europe and Middle East.  Read Jamal’s Blog @ www.thinktankconsulting.ca