Learnings from Risk Management training

Working on some proposal language and came across a PMI Risk SIG May, 2005, Tim Lister found several critical concepts:

1. The biggest risk an organization faces is lost opportunity, the failure to choose the right projects.
2. The real reason we need to do risk management is not so much to survive the risks, but to enable risk taking.
3. The only reason to quantify cost (schedule and budget) is to have something to compare the quantification of the benefits against.
4. There is no sense making cost quantification more accurate (precise) than the value quantification.
5. An aggressive delivery date is often driven by cost containment, not by the actual delivery date.