Six Stones – 2. Quantifying the Horrible

Of course, the Likelihood is not something we can examine here, but knowing the Impact is incredibly valuable.

Knowing this, we can:

• Examine some of our assumptions – for instance, does Louise still want to provide that level of assistance on the school fees? Will $200,000 be enough to help her Mum when the time comes?

• Work out the ‘next steps’ in the event of Louise’s death – who should what money, and when?

• Add these specifics to Louise’s Risk Management Plan.