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Although in any project there are a number of risks that can develop during the project, the top five specific risks should be considered. In the simulation on the University of Phoenix site entitled “Managing Project Risk”, the five specific risks found were; resource constraints, skill and competency gaps, dependency on FAFS for design inputs, availability of network equipment, and legacy systems and standard law.
Resource Constraints
In any project there are several kinds of resource constraints including; people, materials, equipment, and working capital to name a few (Gray & Larson, 2005, p...
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