◼ identify the risks inherent in each of the options
◼ identify the impact of these risks occurring
For each of the risks document determine:
◼ the probability of the risk occurring
◼ what are the risk management strategies to address the risks
◼ whether additional costs will be incurred
◼ whether additional costs should be incorporated into the analysis and
◼ the need (if any) for any contingencies.
In addition:
◼ list critical assumptions including revenue drivers, capital and operating costs, social and environmental factors, financing constraints, availability of resources and expertise
◼ state known or emerging constraints directly impacting on the proposed initiative
◼ identify any relevant regulatory, legislative, policy issues and relevant Acts which may impinge in the proposal need to be identified including information on where this may be a constraint
◼ identify any key dependencies that affect the performance of the options