Project risk analysis is a process of assessing and analyzing the potential risks and vulnerabilities associated with a project before its initiation. Risk analysis seeks to identify and analyze different aspects of the project, including critical factors such as resources, budgets, timelines and objectives, in order to determine the likelihood of potential risks and their impact. By doing so, organizations can plan ahead and take preventive measures to reduce potential losses or delays in the success of the project. The goal is to make sure that projects are implemented efficiently and on time, ensuring successful outcomes for all stakeholders involved.