Why Projects are Risky?

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Why Projects are Risky?
Khalil Shahriari PMP, Management Consultant, Iran

There are some factors which are found in all or most projects, and which make them inherently risky. These risk factors of projects include:
1. Uniqueness
2. Complexity
3. Assumptions and constraints
4. Objectives
5. People (including project team members and management, clients and customers, suppliers and subcontractors...)
6. Stakeholder requirements, expectations
7. Change (since every project is a change agent or process, moving from the known present into an unknown future)
8. Environment (internal or external environment).

Scope of Work can be a Risk Factor too
amr elsharkawy, Project Manager, Egypt
I also believe that
9. Project Scope Definition (or the understanding of the scope of work) is a risk factor and could be added to your list of factors which make projects inherently risky.



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