Question & Answer: Think about regulations from regulatory bodies or risk adversity as a few things…..

Answer: The regulations from the regulatory bodies impact the projects in a number of ways as a constraint. Some of these are

1. They can create barriers in the progress of the projects because of restrictions on certain types of activities related with the projects like restrictions related hiring of foreign labours
2. They can affect the costing of the projects though regulations like minimum wages and so on
3. They can affect the timely completion of the projects as some project activities may require approvals from the authorities which may take time
4. They affect the resources available for the projects as the regulation may restrict the availability of resources particularly the natural resources like water
5. Too much or complex regulations at times can also result in the failure of the projects