Some analysts argue that the payback period criterion is actually a measure of project risk. What is

Question:

Some analysts argue that the criterion is actually a measure of project risk. What is the logic behind this belief?
Payback Period
Payback period method is a traditional method/ approach of capital budgeting. It is the simple and widely used quantitative method of Investment evaluation. Payback period is typically used to evaluate projects or investments before undergoing them,...