Majorly encountered risks in a project are:

Cost Risk
Schedule Risk
Performance Risk
Resource Risk
Technology Risk
Market Risk
Legal Risk
Strategic Risk
Governance Risk
Operational Risk
External Risk

In a project management interview, when asked about the major types of risks encountered in a project, it’s important to demonstrate a comprehensive understanding of potential risks across various dimensions. Here’s a structured response that covers major types of risks:

Technical Risks: These involve challenges related to the technology, tools, or methodologies being used in the project. This could include issues with compatibility, performance, or scalability.
Schedule Risks: These risks pertain to delays in project timelines due to unforeseen circumstances such as resource constraints, dependencies, or changes in project scope.
Cost Risks: These risks involve exceeding the allocated budget for the project due to cost overruns, unexpected expenses, or inflation in resource costs.
Resource Risks: These risks relate to challenges in acquiring, managing, or retaining project resources such as skilled labor, equipment, or materials.
Scope Risks: These risks arise from changes or expansions in project scope that may not have been adequately planned for, leading to scope creep and potential impacts on project deliverables, timelines, and budget.
Quality Risks: These risks involve compromising the quality of project deliverables due to factors such as inadequate testing, poor workmanship, or lack of adherence to quality standards.
External Risks: These risks stem from factors outside the project team’s control, such as changes in regulations, market conditions, political instability, or natural disasters.
Communication Risks: These risks occur when there are breakdowns in communication channels, misunderstandings, or conflicts within the project team or with stakeholders, leading to delays, errors, or project failure.
Stakeholder Risks: These risks arise from dissatisfaction or resistance from project stakeholders, including clients, sponsors, or end-users, which can impact project progress and success.
Legal and Compliance Risks: These risks involve non-compliance with legal or regulatory requirements, contractual obligations, or intellectual property rights, which can result in legal disputes, penalties, or project setbacks.

By addressing these major types of risks comprehensively, you demonstrate your awareness of the multifaceted challenges that projects may face and your ability to proactively identify, assess, and mitigate risks throughout the project lifecycle. Additionally, emphasizing the importance of risk management processes and strategies will further highlight your expertise in project management.