Elimination of project risks is impossible even if the project is carefully Planned
It is impossible to avoid the risks of a project, no matter how well it planned, due to the unexpected problems which might occur during the implementation of the project. Risks in project management refer to an uncertain condition that can have adverse effects on the project’s objectives and goals. Control of the risks is a very critical aspect, and consideration needs to be done before the implementation of any project. The risks identified and the solution for each sought before the project goes to the implementation phase. It is vital to carry out risk analysis initiatives for any project and plan appropriately for the project before implementation. However, the risks cannot be avoided entirely due to the changes which may occur in the environment and affect either one of the goals of the project or several.
Some risks are unknown for a particular project, and therefore it is hard to eliminate them since the risk managers cannot identify them. Such risks come unexpectedly and knock down a plan, and in such a case, the risk management team cannot in any way help to prevent such an occurrence (Pargar et al., 2019). Some identifiable risks are considered and given priority by the project managers, thus leaving no room for any other threat which might occur within the course of the project implementation. Identification of known risks is evident as it is not reasonable to consider unknown risks, as their occurrence is not predictable. Chances are identifiable due to past failures occurring in other such projects, and because of this, the faults which never happened in the past are no ide, but they can exist.
The planning of any project for the risks may be viewed as a good idea, but in reality, it cannot cater to the anticipated factors of the project. If it were not of external circumstances, most of the projects would be successful, and therefore the planning for the risks would be useful during the preparation for the project (Kerzner, 2019). Natural conditions usually occur and are not often planned by the project managers, thus leading to failure of the project. The natural phenomenon occurs at any time, and one cannot predict when they will happen again; therefore, it is impossible to avoid such risks no matter how precise the project planning is. The natural phenomenon is the most significant challenge on significant projects as they can be affected by such risks due to natural wonders and collapse.
Technological changes in the future may not be easy to predict during the project planning, thus leaving a risk which is not avoidable in case of such technological changes. For example, if the technology and the devices that might have been bought to implement a project may be useless in case the new technology which people would like and adapt to emerges (Kerzner, 2019). The resources will, therefore, be of no use, and the project may collapse if it lacks funds to purchase the new devices. Economic and socio-political changes, which may not be easy for the planners of a plan to predict, impose a high risk to the project, in case they do not favor it. In most cases, change in the sociopolitical environment may lead to failure or success of a project, depending on whether the risk is positive or negative.