Project Selection and Risk

Project selection and project risks go hand in hand. Choosing or even not choosing a project, can create risks. Projects are designed to allow organizations to either develop something new or to improve on something already in place. Any given organization can have many good projects that can improve its products, but if the organization is lacking a good project management program and/or has a meager project portfolio, then project risks becomes an even bigger issue. The process for selecting projects can create several project risks; such as having too many projects with limited funds/resources, unforeseen external risks, inadequately trained staff, and multiple of unforeseen problems, causing changes and delays to the project. Some of these examples I just...