This document discusses different types of risks in software projects and cloud computing architecture. It identifies three main types of risks: project risks, technical risks, and business risks. Project risks include schedule slippage and resource issues. Technical risks stem from incomplete specifications or changing requirements. Business risks involve building something that lacks market need. The document then describes cloud computing architecture as having a front end for clients and a back end for service providers, with the back end managing storage, security, virtual machines and other resources required to provide cloud services.