Project Management

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What are the three most common project management risks?

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Damian Perera Monitoring & Evaluation Specialist| Chrysalis Mellawagedara, Western Province, Sri Lanka
A project risk is defined by PMI as, "an uncertain event or condition that, if it occurs, has a positive or negative effect on one or more project objectives". According to PMBOK 6th Edition, risk exists at two levels within every project; as individual project risk and overall project risk.

As per your project related experiences, what are the three most common project risks that you have come across?
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Deepesh Rammoorthy ICT Project Manager ( PMP®AgilePM®Certified ScrumMaster® (CSM®))| Australian Red Cross Blood Service Tarneit, Vic, Australia
Risk of Schedule delays due to Project Inter-dependencies.
Risk of Resource delays/unavailability due to Project Inter-dependencies or you are dealing with a legacy product which only a few people in the company or market know about and both are unavailable when you need them.
Risk of Scope Creep due to incorrect scope definition.
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Visswanathan KKN Senior Project Manager Hyderabad, India
In long duration project, the material cost increase from budgetary costs resulting in delay and cost over-runs.
Faulty or delayed delivery of long-lead items may delay completion of project key deliverables attracting LDs..
Failure to meet certain requirements, may result in fines or unacceptance of deliverables.
Delay in customer dependencies, may cause project to get extended beyond the original duration.
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Cat Thomas Sr. Project Manager| State of Oregon/DHS/OHA Salem, Or, United States
Dependence on other organizations, over which we have no control, to complete work on time could affect our schedule.
All project resources are operational resources which means that schedule can be affected by operational demands.
Changing requirements and/or poorly defined scope may affect schedule and budget.
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Vincent Guerard Coach - Trainer - Speaker - Advisor| Freelance Mont-Royal, Quebec, Canada
It all depend on type of projects.

Ressources and schedule/estimate are common to all in my experience

In long construction material can be an important one.

Delay in customer approval is also up in the list
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Sonali Malu Maharashtra, India
Unrealistic schedule is one of the common risk I have seen in project management. This happens in organizations where they wish to build customer base or win contracts.
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Bruce A Hayes Project Manager, Scrum Master, Product Owner, and freelance Trainer.| Available to partner with you. Let's review your needs to see if we are a match. Fort Wayne, IN, United States
Jul 09, 2018 3:39 PM
Replying to VISWANATHAN RAMANI
...
We are working in cross functional, multi diversified team, getting resource or assigning resource based on availability is certainly a RISK factor.
You add assumptions during project life cycle and there are chances that will end up turning to a Project RISK
Good point. I like the fact as a list of assumptions grow, so does the risk to the overall project's success.
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Mohammed Alotaibi Jubail, 04, Saudi Arabia
Thanks for sharing
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Latha Thamma reddi Sr Product and Portfolio Management (Automation Innovation)| DXC Technology Mckinney, Tx, United States
Thank You!.
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