Dynamic Manufacturing Networks (DMNs) are increasingly deemed to be the evolution of typical supply chains in the manufacturing sector and a promising solution in the light of the enterprises’ effort to remain flexible and competitive in today’s rapid changing and demanding environment. The decision of joining a DMN however is quite important for any enterprise, since beside significant benefits it brings about changes in the way it operates, bearing thus also considerable risks. This paper attempts to cultivate an understanding around the risks of DMN participation, utilizing the causal characteristics of Cognitive Maps (CMs) for identifying the causes of unsatisfactory or unaccepted DMN operation outcomes. It further elaborates on how DMN risks are inherently dealt with through the IMAGINE framework that guarantees business alignment and interoperability.