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The scope and responsibility for controlling risks depends on the size of the objective. Companies can analyze risk factors to find solutions for implementing their goals.

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Can you classify risks based on the Project Objective a risk would impact?

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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What should be written in scope and limitation?

Scope = Key areas of responsibility Limitations = Do's and Dont's that come as a part of those responsibilities