Human Behavior Risk
This is one of the most difficult areas to assess because people can be unpredictable.
Sometimes, a project may be pushed back because of injury, illness, or a key staff member deciding to leave the company. Other times, it could be because of bad decisions or poor judgment.
Beyond this, an assessment should identify internal risks (related to company operations) or external ones (related to conditions outside of the organization that are out of your control).
External risks could be regulatory, market fluctuations, changes in the political environment, etc.
What to Do About It
There’s not much you can do about the external factors, except have a plan to adapt to any changes as they arise.
The best thing you can do is focus on a plan to tackle the internal factors – having others on the project who can step up in the event of someone’s unforeseen absence.
Do what you can to take care of your employees and foster a great workplace culture to reduce turnover rates, and work to fill vacancies as quickly as possible with qualified applicants.
Supplier risk is always there, but using various risk management strategies can help you minimize the impact.