Project Complexity and Risks

Running head: Project risk
Project complexity and risks
Name of Student
Name of the University
Author note

PROJECT RISK1
Executive summary
Project management is one important aspect for ensuring the success and customer
satisfaction rate of any organization. Depending on the nature and objective of a particular
project, it identified as simple, complicated and complex. The complex projects are
predictable but time consuming and requires special attention for gathering success.
However, there exist numerous factors such as, organizational structure, culture, and human
behaviour, ambiguity along with the technical and business complexity that makes a
particular project complex. Therefore, the traditional project models that use the linear
approach are not efficient enough to manage these type of project. In such case, the agile
project management methods can be turn out to be fruitful. This report is going to emphasize
on the nature of the complex projects, with an explanation of how it varies from the
complicated projects. Additionally, why the traditional waterfall model for managing the
project is not effective in managing such project is going to be discussed here.

PROJECT RISK2
Table of Contents
Introduction................................................................................................................................3
Project complexity.....................................................................................................................3
Technical complexity.............................................................................................................3
Business complexity...............................................................................................................4
Organizational structure.........................................................................................................4
Human behaviour...................................................................................................................4
Ambiguity..............................................................................................................................4
Complex project vs. complicated project...................................................................................5
Example of complex project..................................................................................................5
Failure of traditional project management model in complex project.......................................6
Conclusion..................................................................................................................................7
Reference....................................................................................................................................8