Type of risks

Last updated Jun 5, 2023

Common risks types:

• Time risks
  • The possibility that project tasks will take longer than anticipated to complete.
  • Refers to Project schedule
• Budget risks
  • The possibility that the costs of a project will increase due to poor Project planning or expanding the project’s scope.
• Project scope risks
  • The possibility that a project won’t produce the results outlined in the Project goals

Risks resulting from factors outside the company

A risk that has the potential to be catastrophic and halt work across a project.

Because Tasks dependencies are the links that connect one project task to another, they are often a huge source of risk to a project. If you don’t plan for dependencies, you might risk an impact on your budget, schedule, or project outcome.