When planning a project, risk must always be identified and managed. Risk affects the probability and consequence of not meeting the projects objectives. The four primary types of risk in a project are: strategic fit, new service or product and the unforeseen design consequences that can occur, the ability to meet the project specifications, and poor design, communication, and planning.
Write a discussion where you research and discuss a real-life project (this can be a personal example or a researched example) and discuss how risk was or was not managed properly as well as the steps that should be taken when identifying and managing risk in a project.
