A lot of projects are resourced starved, until the business case is fully developed. Even sometimes it is resourced starved even if there is a clear ROI, bootstrapping in a way. Risks are different, but there is still risk involved. The PMs career depends on success and many times the success is uncertain until it happens.
Building a project/program is a lot like building a business. The work is fulfilling. Learn from your failures and keep working on building a successful career.
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