Risk planning is the process in which the potential risk that might affect the project and affect its viability, duration to complete and economic efficiency, are identified, evaluated for their likelihood and impact severity and then served with solutions, in case such opportunity is presented. Assumptions Everyone involved in the project is expert in their field The vendors for the company have not changed Employees will maintain their usual habits, as they have done earlier the decline in quality of the inputs have been steady and not sudden customization is an ongoing process and will occur as the project moves along there are penalties on not completing the project in the current deadline i.e. the end of the fiscal year there are other projects going on and new projects are beginning, which requires resource allocation . the project must be tested before finishing