Action without considering risk is a formula for misadventure. Success is achieved by evaluating and planning to handle possible hazards and threats to accomplishing your goals. This is achieved through analyzing the probability, impact and the ability to manage the risks for a proposed project. The TIR cost benefit methodology and the associated guide to managing risk provide guidance in anticipating and preparing for the management of risk. This methodology also helps prepare for the appropriate handoff to a qualified project manager who will track and manage risk during project implementation.