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.
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
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Jamal is an author of two very popular books: Delivering Exceptional Project Results: A Practical Guide to Project Selection, Scoping, Estimation and Management and Project Scope Management: A Practical Guide to Requirements for Engineering, Product, Construction, IT and Enterprise Projects.