Risks are an inevitable part of any project, and project management is all about identifying these risks and mitigating them. Some common risks include scope creep, budget overruns, and resource constraints. These risks can be mitigated through proper planning, continuous monitoring, and implementing risk management strategies. A clear initial scope definition and a formal process to evaluate and approve changes can help manage scope creep. Budget overruns can be prevented with realistic budgeting and accounting for all expenses in the planning phase. Resource constraints can be managed by ensuring sufficient resources are allocated for the project’s successful completion.