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=== Initial Risks and Issues Log ===
The rule stays the more we are about to commit, the more we will need to deliver. The [[Project|project stages]] are: Initiation, Requirements, Design, Development, Test, Project Launch and Close with the Exception Process stage. The last stage is the most unstable, as covers how much the Budget, Time and Project Scope could increase without project being forced to go into Exception. In a situation when stakeholders decide to relocate project into Exception, a detailed Exception Plan is needed to be introduced which will replace the versions of the project/stage plans which were in use before the Exception. And on top of all this additional paperwork the Project Manager will also have to keep the project moving forward and ensure their team are motivated. Once the PID is formally approved, it means that there is an additional contingency to utilise before having to move into Exception. This can make all the difference to the successfully delivery of a project in much the same way as good cashflow is key to the success of any growing business.<ref>Project Controls in PID, http://www.my-project-management-expert.com/writing-a-project-initiation-document-project-controls.html</ref>
Boehm has identified six risk management stages: Identification, Assessment, Prioritisation, Management
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