OK. So I mentioned at the beginning of this article that the best place to start was the beginning of the project. So let’s just revisit where we should be by this stage:

• You can describe the purpose of RM
• You have created a risk register template and defined the  associated risk management cycle
• You have brainstormed the project risks
• You have evaluated your risks against probability and impact and prioritised those to be evaluated further
• You have undertaken a detailed evaluation of the prioritised risks and logged all appropriate details (as outlined above)
• You have defined, agreed and documented the best treatment for each risk
• You have calculated your project contingency and management reserve