Why Projects are Risky?

PMBOK
Knowledge Center

 
PMBOK > Best Practices

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). (...) Read more? Sign up for free

Please register now to read all responses and to join this discussion yourself. It's easy and 100% free.

Sign up for free     Log in


  amr elsharkawy, Project Manager, Egypt
 

Scope of Work can be a Risk Factor too

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.

 
More on PMBOK
Summary
Forum
Agile Project Budgeting
PMBOK Edition 6: What's New?
🔥Gold Plating in Project Management
Best Practices
PMBOK <> PMBOK Guide
Who Initiates and Plans a Project?
I am a project, my life is a program
Project Budgeting Best Practices
Task Reminder Tool / Task Reminder Software
What are the Common Reasons Why IT Projects Fail?
Is the 2013 Version of PMBOK V5 a Real Improvement?
Looking for Internet Collaboration Project Software
Why Projects are Risky?
Shortfall in the PMBOK Framework
When Used for Software Development
Why Project Risk Management?
Why use Project Management Software?
9 Knowledge Areas in PMBOK
PMO in Human Resources
What is Project Lifecycle?
Life Cycle Costing Analysis
Presenting Lessons Learnt
The 3 Processes to Manage the Quality of Projects
Project Management Knowledge Standard(s)
The Meaning of 'Scope' in Project Management
Managing Organization Culture
Special Interest Group Leader
Jean-Michel de Jaeger, EMBA, PMP
Management Consultant

PMBOK
Knowledge Center

 


About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2020 12manage - The Executive Fast Track. V15.6 - Last updated: 3-12-2020. All names of their owners.