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Inherent Risk is the risk that exists in the environment around your portal project. It will tend to be unique to your organisation; its culture and politics. Project Risk is the risk specific to your project. Some Project Risk stems from the nature of what you are doing; there are certain risks common to any project. Finally, there is 'Stage risk' which is the risk associated with the particular activity of any given phase of the project plan. Once you have put a Plan in place, then it is important to regularly monitor and report on the counter-measures that have been deployed and whether or not they have been successful in reducing the overall risk profile of the project.
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