Even with the best planning, sometimes unexpected things occur. In Project Management, these are known as Risks. A Risk may or may not occur during the project lifecycle, but they are calculated ahead of time as they negatively impact the project’s ultimate goal. As they say, the best offense is a good defense. There are a variety of risks that can be anticipated such as:
Estimated costs go over budget
Project result may not meet the original goal/s
Key team members may leave prior to the close of the project
Project management tools required for the project do not meet expectations