Project risks are defined as any potential issue that could affect the successful completion of a project. This could include anything from a lack of resources, to a change in scope, to a natural disaster. It is important for project managers to be aware of the risks associated with their projects and to develop strategies to mitigate them. Risk management is an important part of the project management process and should be considered at the beginning of the project planning phase. Risk management should include identifying potential risks, assessing their likelihood and impact, developing strategies to reduce or eliminate the risks, and monitoring the risks throughout the project. By taking proactive steps to manage risks, project managers can ensure that their projects are successful and that any potential issues are addressed in a timely manner.