What are the key risk factors associated with implementing a new project, and what are the most effective mitigation strategies to address these risks?
Key risk factors associated with implementing a new project include budget overruns, scope creep, resource constraints, and lack of stakeholder buy-in. Effective mitigation strategies to address these risks include thorough planning and risk assessment, clear communication with stakeholders, setting realistic timelines and budgets, and having contingency plans in place. Regular monitoring and evaluation of the project's progress can also help identify and address potential risks early on.