Forty Common Project Risks
Risk identification is a key part of the risk management process. There are various tools you can use to identify risks, such as brainstorms, workshops, interviews, and surveys. One good tool is to review a list of common risks to determine which are applicable in your situation.
Following is a list of risks that are frequently associated with projects:
Client decision cycles slower than expected
Client feedback is of poor quality or non-existent
Client feedback is slower than expected
Delivery schedule is overly optimistic
Estimation errors due to hidden assumptions
Estimation errors due to hidden complexity
Estimation errors due to vague requirements
Excessive volume of change requests
Facilities are not available on time
Hardware failures
Hardware is not available on time
Infrastructure failures
Infrastructure is not available on time
Internal decision cycles slower than expected
Internal SME is not available when required
Key technical staff unavailable when needed
Loss of facilities/infrastructure
New client constraints are introduced after project starts
New development tools are not available on time
New development tools involve a longer learning curve than expected
New technology involves a longer learning curve than expected
Prerequisite client approvals are late
Prerequisite internal approvals are late
Prerequisite project is late
Prerequisite regulatory approvals are late
Prerequisite resources are late
Regulatory changes create additional work
Resources reallocated to another project
Restricted access to hardware
Restricted access to infrastructure
Scope changes significantly after project commences
Staff distracted by support obligations
Staff reallocated to another project
Staff recruitment takes longer than expected
Staff turnover
The technology is new and poorly understood
Unexpected integration problems
Vendor delivers components late
Vendor delivers components or services of unacceptably low quality
Vendor delivers services late
Risk Register by ProjectBalm can help you manage all of these risks and more