It Project Risks are defined as any potential issue that could arise during the course of a project that could lead to a negative outcome. This could include anything from technical issues to human resource issues, and even environmental issues. Project risks can be categorized into three distinct types: known risks, unknown risks, and emerging risks. Known risks are risks that have been identified and can be managed or mitigated. Unknown risks are risks that have not yet been identified, and may not be known until the project is underway. Emerging risks are risks that have not yet been identified, but could potentially arise during the course of the project. It is important to identify and assess all potential risks in order to minimize their impact on the project and ensure its successful completion.