Basic risk management practice is to think about what information and choices are most important to the problem and their technical, cost and/or schedule components.

Focus on the risks that are both most likely and also could have the greatest impact.  You should have a basic understanding of the biggest risks.  Writing them down is good.  Developing mitigation plans may or may not make sense, especially in the smallest of projects.

Risk management from systems engineering and program/project management, and risk management as an independent discipline are well documented.  Web references are getting better.

Last modified: December 08, 2002