Project Hazards

In a perfect world, every project would be characterized by clear project requirements that never changed; motivated and capable team members; proven technologies; more than adequate budgets in terms of time, money, and resources; responsible, knowledgeable stakeholders; and seamless, effective communication so when a problem arises it is communicated and dealt with quickly. However, we do not live in a perfect world!


In your opinion, discuss the 3 biggest common risks for a project, how they can undermine a project, and project management techniques for mitigating those risks. Examples or risks include scope creep, budget creep, lack of requirement definition, communication issues, problematic scheduling, marketplace changes, customer request changes, and lack of project support from stakeholders. You may research additional risks.  

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