Question: In Risk Management's Total Project Life Cycle chart below, why are risks highest at the start of the projectand the highest impact risk impact is

In Risk Management's Total Project Life Cycle chart below, why are risks highest at the start of the projectand the highest impact risk impact is at or near the end of the project? Please provide an example?

Thank you.

Total Project Life Cycle Tim S Phase I Phase III Phase II Phase IV Conceive Implement Develop Finish Project Project Opportunity and Risk Value Period when are incurred highest risks Increasing Risk Period of highest risk impact Time

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