Riskonomics(tm) takes the best practices of data analysis, and positive and normative economics to create a sophisticated and detailed analysis of risk. Riskonomics(tm) requires less time and money than conventional methods, while providing the best methods to mitigate project risks. Riskonomics(tm) has many benefits, including lowering cost and confusion, prioritization and increased stakeholder support, mitigating risk, setting expectations and establishing reserves, and improving communication and control.