Yes, before investing you should always analyze all the risks. So that you do not regret the money spent.
If you correctly analyze the possible prospects of the project and try to make a picture of all the advantages and disadvantages of the project, you can make objective conclusions about the profitability of investments in this project. And then the risks will be minimal.
It all depends on your investment opportunities, but there will always be risks, both with the projects and with the market itself.