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Project Management Glossary
Project Risks
Project Risks are potential events or conditions that could negatively impact the project.
René Praestholm
What are Project RIsks
Project Risks are potential events or conditions that could negatively impact the project. These risks could affect the project's timeline, budget, scope, or quality.
How to Manage Project Risks
- Identify and assess risks at the start of the project, and create a Risk Management Plan to mitigate them.
- Monitor risks throughout the project and adjust your plan as necessary.
- Tip: Communicate identified risks to stakeholders early to manage expectations and ensure everyone is aware of potential challenges.
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About the author
René Praestholm
Chief Executive Officer
25+ years in professional services software. Former COO of Workbook Software (15 years) and VP of Global Agency Solutions at Deltek. One of the most experienced leaders in the PSA Software category
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