Having discussed the basic aspects of your project, including high-level proposal, you should begin thinking about the possible risks that could potentially impact your project. Work with your project team members to identify and discuss potential risks to your project. Please address the following questions: What are some potential risks to your project? For each potential risk, how likely is it becoming true? How strongly will it impact your project? How to mitigate it? How do you narrow the risk list to a manageable size? How do you identify the problems that threaten you the most and therefore demand your attention?