5 Types of Project Risks

Financial Risks such as rising costs, inaccurate budget forecasts and increases in labor and materials.

Strategic Risks such as experiencing high employee turnover, or investing in technology that is difficult.

Performance Risks such as team members’ missed deadlines, delays and undefined goals.

External Risks such as changing laws and regulations, market volatility and inclement weather.

Positive Risks (opportunities) such as finishing tasks earlier than expected or under budget.