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There will be many risks which could affect completing course work including:
- Falling sick
- Higher priority responsibilities emerging
- Not understanding the course content sufficiently well to complete the course work in a quality manner
- The course getting cancelled mid-stream for reasons outside of our control
Projects are created to get an opportunity then there are inherent risks by definition. So, think on the opportunity the organization are trying to get and make a "what if" analysis to make the list of risks. You can use PESTLE analysis and Michael Porter´s Five Force analisys as a guide to find risks too.
Kiron and Sergio made good points.
In response to your question - Project failure.
Failure to meet the requirements
Failure to stay within the constraints - cost, time, quality
The risks are events that will cause one or all of these possible failures.. Ask the questions; what, why, where, when, how, who
Then consider the events that will provide an opportunity to enhance the deliverables. What can make it better, shorter, less costly, etc.
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