Risk management is crucial for the success or failure of projects. According to Project Management Institute (PMI) research, poor risk management is a primary factor in project failures, with approximately 14% of projects outright failing and 31% not meeting their goals. This highlights the significant impact of risk management on project outcomes.

Poor risk management can lead to various issues, including poor employee experience during transfers, unrealised benefits, delayed transitions, overspent budgets, unhappy clients, reputational damage, and ultimately, project failure. Learn how to effectively manage risks to ensure your project’s success.