The Three Common Types of Risk
As you might assume, the kinds of risks you’ll encounter vary with the project. Team members may fail at their tasks; sunspots may blow away your satellite uplink in the middle of an important transmission; and the concrete rebar used in your new corporate headquarters may start to rust about one month after installation.
The Project Management Institute (PMI) defines risk as an uncertain event or condition that, if it occurs, has an effect on at least one project objective such as scope, schedule, cost, or quality. And a risk always lurks in the future.
Ultimately, all the risks in a project boil ...