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Recently, we tackled this issue head-on by comparing two versions of a project plan—an initial one and a second from about six months later. Using ChatGPT, we dove into the details of the project to uncover the real sources of cost overruns and time delays, providing crucial lessons that any project manager can apply.
Here’s a quick summary of project risk examples for you skimmers out there: Project risk Description 1. Scope creep Changes to a project’s scope after starting 2. Blowing your budget Spilling over your estimated budget 3. Project delays Tasks take longer than estimated 4. Hard to pinpoint, to be honest.
Benefits – Identify benefits with an order of magnitude estimate for each benefit. Costs – Describe tangible and intangible costs of implementing the solutions, considering such areas as people, physical, marketing, and organizational costs. Ratings will also most likely need to be weighted.
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