It is important to have a risk management plan in place because it allows the business to have control if they know the risks that come so they can prevent it. Whether it is political, financial, social, and cultural ramifications that are associated with risks. By going through the risks and putting them in the sections low, medium, and high the business can focus on the high risks and be prepared by coming up with solutions to those risks. The risks that are associated with the critical task needs most attention so the project can keep going as planned and have no problems to get in the way of it. (AQM, N.D) If the project fails then the business could be in trouble of failing too. You measure the net benefit of taking the total of benefits and subtracting all the costs from those benefits. This will provide and absolute measure of benefits. Know this will help maximize the efficiency of the project and help it succeed. (OfficeOfOperations)