At the end of the investment life-cycle, or on prior termination of the project, a retrospective review will be made of the investment and of the contribution and effectiveness of the RAMP process itself as applied to the investment.

The risk process manager, in conjunction with the client's representative, will first evaluate the performance of the investment, comparing its results with the original objectives. Using risk review reports and the risk diary, an assessment will be made of the risks and impacts which occurred in comparison with those anticipated, highlighting risks which were not foreseen or grossly miscalculated.

The risk process manager will then critically assess the effectiveness of the process and the manner in which it was conducted for this investment, drawing lessons from the problems experienced and suggesting improvements for future investments.

The results of the review will be recorded in a RAMP close-down report, which can be easily referred to for future investments. Copies of the report should be circulated to all parties involved and then signed off by every party as an agreed record of events.

Some projects will be terminated as soon as the initial risk review has been completed, because the risk-reward ratio is not deemed to be sufficiently attractive, and other projects will be terminated before the end of their planned life-cycle because of adverse developments. The production of a RAMP close-down report as a guide for other projects is likely to be particularly valuable in these circumstances because the most critical events in the history of the project will have occurred recently.