Project Based Risk Practice

Identifying and managing project-based risks is crucial for ensuring the successful completion of a project. It will enhance project resilience, increase efficiency, and contribute to achieving strategic objectives.

NSSG divides the risks relating to:

• Scope Risks: Changes or misunderstandings regarding the project’s objectives, which can lead to deviation of the project from the original scope.
• Schedule Risks: Delays in project timelines due to unforeseen events or poor planning.
• Cost Risks: Budget overruns caused by unexpected expenses or resource allocation issues.
• Technical Risks: Challenges related to technology, such as failures or incompatibility with existing systems.
• Resource Risks: Issues related to the availability or capability of team members and other resources.
• Stakeholder Risks: Conflicts or lack of support from stakeholders that can hinder project progress.
• External Risks: Factors outside the project’s control, such as regulatory changes, market fluctuations, or natural disasters