project-risks

Vocabulary Word

Definition

'Project-risks' refers to potential issues or problems that could occur within a project. It's like possible obstacles that may interfere with your project's success.

Examples in Different Contexts

In project management, 'project risks' refer to potential events or conditions that could negatively impact the project's objectives, timeline, or cost. A project manager might say, 'Identifying project risks early on allows us to develop mitigation strategies and keep the project on track.'

Practice Scenarios

Impact

Scenario:

Our initiative has the potential to create major impact, but it could also face serious hurdles due to political changes.

Response:

I agree, understanding our project-risks, like political instability or lack of funding, is critical.

Marketing

Scenario:

This marketing campaign is innovative, but how will we deal with any unforeseen market changes?

Response:

Absolutely, we need to address project-risks such as shifts in customer preferences and market competition.