4. Risk Assessment A premortum involves imagining that the project has failed and identifying potential reasons for the failure. Risks could include: Budget overruns Delays in delivery Poor quality of work Lack of stakeholder engagement 5. Assessing Risks The biggest risks are those that have the potential to significantly impact the project's success. These could include budget overruns and delays in delivery. 6. Response Plans for Big Risks Risk Owner Trigger Response Plan Budget Overruns Project Manager Spending exceeds budget Review and adjust budget, seek additional funding Delivery Delays Project Manager Milestones are not met on time Review and adjust project schedule, allocate additional resources