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Key stakeholders.

The Project Manager.

The project sponsor.

The project team.

A benefit to the project if potential opportunities are realised

The cost of dealing with a risk should it occur is usually greater than the cost of managing that risk.

Risk management in the project facilitates team building.

It allows the organisation to assure stakeholders of project compliance with regard to risk management.

That the sponsor who has developed the business case will also be the sponsor who oversees actual delivery of the project.

That the option chosen has taken recognition of how the resultant project is actually going to be managed and delivered.

That the project management plan for the project is captured as an appendix of the approved business case.

That the business case has sufficient detail to allow the project manager to take over accountability for the financial success of the project

To define the hierarchy of deliverables that are required to be produced on the project

To define how the products are produced by identifying derivations and dependencies

To establish the extent of work required prior to project commissioning and the handover

To identify the health and safety strategies and procedures to be used on the project