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Can you classify risks based on the Project Objective a risk would impact?
Anandvijayakumar
Yes. we can also classify risks based on the Project Objective a risk would impact. They are:
a. Scope Risks - Risks that are related to changes to the Project Scope (Ex: Scope Creep)
b. Quality Risks - Risks that are related to the Projects Quality Standards (Ex: Missing Quality checks)
c. Schedule Risks - Risks that are related to the Projects Schedule (Ex: Missed Delivery dates)
d. Cost Risks - Risks that are related to the Projects cost (Ex: Budget Overruns)
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