![Basel II, Solvency II, charity bike rides and lessons learnt about being prepared](https://blogs.sas.com/content/sascom/files/2017/01/RiskMgt-1-702x336.png)
How much time should be devoted to preparing for an important challenge? Depends on the challenge, I hear you say. From my experience, it is important to be aware of the challenges to be confronted when completing a significant project. Not under-estimating the real effort required, often depends on fitness