A risk is an uncertain event which may have an adverse effect on the project‘s objectives. This Risk Management book is based on a proven risk management methodology, which should be very effective in the quest for identifying risks throughout the project life–cycle. The I.T. Risk Management process commences by identifying the enterprises most important and risky projects, as these must be given priority. This I.T. Risk Management book/manual is essentially a method that permits the collection of knowledge and experience from those involved, in a form that facilitates the Systematic Interaction and Generic Methodology for Applications.