What term refers to risks that can result in a system or process that will not work?

The term that refers to risks that can result in a system or process that will not work is technical risks. This category of risks encompasses the potential for failures due to inadequate technology, design flaws, or other technical issues that can impede the functionality of a project or system. Technical risks often involve challenges with software, hardware, or the integration of technology within a project, leading to situations where the expected outcomes are not achieved.

Technical risks are particularly relevant in fields that heavily rely on technology and engineering, where even small errors can lead to significant failures in system performance. By recognizing and managing technical risks effectively, project managers can implement strategies to mitigate these risks, ensuring that systems and processes operate as intended.

In contrast, financial risks typically pertain to the monetary aspects of a project, such as budget overruns or funding shortages, while operational risks involve the potential for failures in day-to-day operations or processes. Environmental risks relate to factors that can impact a project due to ecological or climate-related issues. Each of these areas addresses different dimensions of risk, but when it comes to risks affecting system functionality, technical risks are the most relevant.