From the course: Managing Project Benefits
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Dealing with threats
- Just because you've identified the expected benefits of a project doesn't mean that they will actually be delivered. There is always an element of risk involved with forecasting expected benefits, so let's take a look at the areas you need to watch out for. The first threat is the forecasting failure. This is when benefits are overestimated or simply not identified at all. This type of risk can result in the project not achieving its expected value. An example from the scenario might be that a survey revealed our customers aren't particularly tech-savvy. Introducing the new self-checkouts may result in them going to stores where they don't have to deal with technology. If we ignored this threat, it's possible that instead of attracting more customers, we may in fact be driving some away, and the business will suffer as a result. The second type of threat is the delivery failure. This type of risk means that something has not been delivered or is delivered late, resulting in delayed…
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