In a perfect world, every project would be characterized by clear project requirements that never changed; motivated and capable team members; proven technologies; more than adequate budgets in terms of time, money, and resources; responsible, knowledgeable stakeholders; and seamless, effective communication so when a problem arises it is communicated and dealt with quickly. However, we do not live in a perfect world!

Respond to the following in a minimum of 175 words:

• In your opinion, which 3 of the 5 common project hazards described in the book have the potential to be the costliest? Explain your reasoning.