In the military, you cannot fight a battle without ammunition, guns, food and transport. This is an aspect of logistics. Similarly, you cannot run a project without certain requirements, . you cannot develop a curriculum without a budget, subject experts, students to benefit from the curriculum, and so forth. Project Risks Project risks are the anticipated and unanticipated obstacles that might arise in the course of a given project. A risk analysis is conducted in order to isolate the most likely ones, and involves answering the question: “What could go wrong?” .