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Fast-tracking a project involves accelerating the timeline to meet a deadline by overlapping project phases or removing certain steps in the process. While this can be beneficial for meeting deadlines, it often leads to increased risks.

When steps are condensed or timelines are shortened, there's less time for thorough analysis, testing, and review, which can result in issues being overlooked. This scenario commonly leads to potential project pitfalls such as scope creep, inadequate stakeholder communication, and insufficient checks and balances that might have been in place during a more methodical approach.

As a project is fast-tracked, teams may also find it challenging to manage and identify risks effectively, leading to unforeseen complications down the line, which can impact project success. Therefore, while the intention behind fast-tracking is often to expedite delivery, the inherent nature of compressing timelines typically heightens overall project risks, making increased risks a likely consequence of this approach.