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Where do project risks come from?

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I want to know what is (or are) the main source(s) of project risks? Do project risks in all projects come from the same source, or do these sources differ per project type?

Are root causes of project risks internal or external to the company?
asked 5 years ago by anonymous

1 Answer

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Sources of project risks are different from one project to the other. Risk sources are either internal or external:

Internal risk sources are the project team (for example, the project team is not performing properly), the project stakeholders (too many hidden agendas), the project manager (using the wrong methodology, not gathering requirements properly, not enforcing change control), the company (the company is running out of money and can no longer fund the project), equipment (servers failing), etc...

External risks sources are the suppliers (suppliers not delivering necessary materials on time), the client (the client is constantly changing his requirements), the competition (competition introducing a new product that threatens the project), the government (government issuing new regulations that will make the project more costly), etc...

To answer your last question, root causes for project risks can be either internal or external.
answered 5 years ago by MaplePM (46,940 points)

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