organisation questiondescribe the possible consequences of not managing

QUESTION
DESCRIBE THE POSSIBLE CONSEQUENCES OF NOT MANAGING RISKS EFFECTIVELY WHEN IMPLEMENTING PROJECT MANAGEMENT PRACTISES IN AN ORGANIZATION NEW ADELAIDE OVAL
This organization New Adelaide Oval is just an organization I thought of, to complete this assignment create 500 words to describe the question using the below attributes
ORGANIZATION ATTRIBUTES
1. Type of Organization- Public sector (state government) New Adelaide Oval
2. Employees 1000 Employees
3. Sector Services
4. Age of Organization- 10 years
5. Organization process assets OPA (LOW)
6. Level Project Management Maturity PMM- 3
7. Appetite for Risk- Risk Appetite Low
8. Operational Budget $100Million
9. Capital Budget – $10 Million
10. Impact of Changes to Environmental factors IEF(HIGH)
11. Number of Locations Locations 3 this includes , (1 stadium and 2 Main offices in Melbourne and Sydney tickets sales)
Use PMBOK to understand the terms above too
LEARNING RESOURCES
Project Management Institute (n.d.). Real-world risk management. Retrieved from

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