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A risk is anything uncertain that may occur that will reduce or decrease the chances of project success.
Example:
- There is a state election coming and the new government may change the taxation rules for private university retail outlets.
- The cloud is changing student demand for media such as flash drives in somewhat unpredictable ways. If this happens faster than we forecast, we may be building a store that students don’t need.
- Deliveries of store shelves, etc. will be delayed if a major hurricane occurs.
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