Common project risks are defined as any potential risks that could arise during the course of a project. These risks can be anything from technical issues, to budget constraints, to changes in the project scope. It is important to identify and address these risks early on in the project in order to minimize their impact and ensure the successful completion of the project. Common project risks can be categorized into three main categories: external risks, internal risks, and operational risks. External risks are those that are outside of the project team’s control, such as changes in the market or political environment. Internal risks are those that are within the project team’s control, such as inadequate resources or inadequate training. Operational risks are those that are related to the day-to-day operations of the project, such as delays in delivery or inadequate quality control. By identifying and addressing these risks early on, project teams can ensure that the project is completed on time and within budget.