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How many risks can a project have?

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How many risks can a project have, or to ask the question differently, what is the maximum number of risks that a project can have? Is the risk management plan bound by a maximum number of risks? If yes, then what is this number? 100? 1000?

I think that there needs to be a maximum otherwise every RMP will have tens of thousands of risks that need to be mitigated in one way or the other.
asked 5 years ago by anonymous

1 Answer

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There is no limit on the amount of risks a project can have. Any risk that the project manager knows of while doing risk analysis on the project should be listed in the risk management plan.

Again, there is no maximum number of risks, and if your project has a millions risks, then so be it, but in this case, you might be better off thinking about dropping this project altogether. A project with too many risks is not good news for the organization (and the project manager). The higher the number of risks for a project, the higher the chance of failure. In other words, the number of risks is inversely proportional to the project's success (please note that this point is highly debatable, and many other project managers might not agree with it).
answered 5 years ago by MaplePM (46,940 points)

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