Risk can damage the project, when you don´t consider that there are risks for
your project.
Risk management is an important tool of project design, planning and
implementation.
Risks can stem both from internal and external influences– make sure that
participants consider both dimensions and are sanitized that each dimension
requires different mitigation strategies.
Risks vary in terms of severity depending on their level of impact and the
likelihood of occurrence – make sure that participants focus on key risks with a
high impact and high likelihood with effective mitigation measures, whereas for
low impact and low likelihood risks, it can be enough to monitor the risks.