Many risks associated with project management

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There are many risks associated with project management, a few of them are financial Risk, (Risk Two) and (Risk Three). Financial risk refers to the financial exposure a firm opens itself to when developing a project. Most people will associate financial risks with large monetary investments, however a financial risk may be small as well. Another misconception is that risk is often thought of as a negative, however, a risk is anything that could potentially become the outcome. A financial risk could be filing bankruptcy or it could be turning 3 times the profit expected in the first year.

Reference no: EM131040660

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