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  • Types of Project Risks

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    Errol Thompson
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    This document discusses risk management for projects. It identifies different types of project risks, including risks related to the project scope and requirements, budget, schedule, technical aspects, personnel, policies and contracts. Examples are provided to illustrate risks for different types of projects, such as construction projects bidding for government contracts, and companies upgrading their IT systems. The document emphasizes the importance of identifying risks, and notes that risks can have either positive or negative impacts and can occur in almost any area of a project.

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    This document discusses risk management for projects. It identifies different types of project risks, including risks related to the project scope and requirements, budget, schedule, technical aspects, personnel, policies and contracts. Examples are provided to illustrate risks for different types of projects, such as construction projects bidding for government contracts, and companies upgrading their IT systems. The document emphasizes the importance of identifying risks, and notes that risks can have either positive or negative impacts and can occur in almost any area of a project.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    11 views11 pages

    Types of Project Risks

    Uploaded by

    Errol Thompson
    This document discusses risk management for projects. It identifies different types of project risks, including risks related to the project scope and requirements, budget, schedule, technical aspects, personnel, policies and contracts. Examples are provided to illustrate risks for different types of projects, such as construction projects bidding for government contracts, and companies upgrading their IT systems. The document emphasizes the importance of identifying risks, and notes that risks can have either positive or negative impacts and can occur in almost any area of a project.

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    © All Rights Reserved
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    of 11

    RISK MANAGEMENT CERTIFICATION PROGRAM

    PLANNING RISK MANAGEMENT


    TYPES OF PROJECT RISKS

    PLANNING RISK MANAGEMENT


    ‣ RECOGNIZE EXAMPLES OF
    PROJECT RISK
    ‣ PROJECT OBJECTIVES
    IMPACTED BY
    UNFORESEEN EVENTS

    TYPES OF PROJECT
    RISKS
    ‣ PROJECT RISKS CAN BE
    FOUND AT ANY POINT
    ‣ WHAT EVENTS COULD
    CAUSE RISKS
    ‣ WHICH AREAS OF THE
    PROJECT MAY BE
    AFFECTED

    TYPES OF PROJECT
    RISKS
    ‣ PROJECT, BUDGET AND SCHEDULE
    ‣ SCOPE AND PROJECT REQUIREMENTS
    ‣ TECHNICAL AND HARDWARE,
    PROJECT MANAGEMENT PROCESSES
    ‣ PERSONNEL, POLITICAL, LEGAL AND
    CONTRACTS
    ‣ BUSINESS ENVIRONMENT AND
    MANAGEMENT

    TYPES OF PROJECT
    RISKS
    ‣ EG. YOU'VE BEEN
    ASSIGNED A PROJECT TO
    MANAGE
    ‣ THE PROJECT SPONSOR IS
    OFTEN OUT OF THE OFFICE

    TYPES OF PROJECT
    RISKS
    ‣ THE SCHEDULE MAY BE
    AFFECTED
    ‣ THE BUDGET MAY SUFFER
    ‣ LACK OF COMMITMENT
    ‣ UNCONTROLLED CHANGES
    AND BAD SCOPE DEFINITION

    TYPES OF PROJECT
    RISKS
    ‣ EG. A CONSTRUCTION
    COMPANY THAT'S BIDDING
    FOR A GOVERNMENT
    CONTRACT
    ‣ SEVERAL NEGATIVE RISKS
    ‣ SOME OPPORTUNITIES

    TYPES OF PROJECT
    RISKS
    ‣ EG. A CLOTHING COMPANY
    THAT WANTS TO UPGRADE
    ITS IT SYSTEM
    ‣ SCOPE OR QUALITY ISSUES
    ‣ TECHNICAL RISKS

    TYPES OF PROJECT
    RISKS
    ‣ BEING ABLE TO IDENTIFY
    RISK
    ‣ A RISK CAN BE POSITIVE
    OR NEGATIVE
    ‣ RISK IN ALMOST ALL
    AREAS OF A PROJECT

    TYPES OF PROJECT
    RISKS
    RISK MANAGEMENT CERTIFICATION PROGRAM

    PLANNING RISK MANAGEMENT

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