The project managers must prepared to deal with adversity .Planing for event that can delay a project, decrease its quality or increased it budget which is the possibility of loss or injury. Project risk is an uncertain events or conditions that if it occurred has a positive or negative effect on one or more project objectives such as project scope, budget cost, schedule and quality. Risk Management focuses on identifying and assessing the risk and managing risk to the project and managing those risks to minimize the impact on the project. The Risk Management of risk study suggested that : The Risk Management is not widely used. The project that were mostly likely to have risk management plan were those that were perceived to be high risk. When risk management practices were applied to the project ,they appeared to be positively related to the success of the project. The risk management approach influence the meeting of the project schedule goals, and cost but exerted less influenced on the project production quality. Good risk management increases the likelihood of a successful project plan Risk deal with the uncertainty of events that can affect the live cycle of the project. For examples risk safety are common on the construct sites that affect project. Change in the value of local currency also affect the purchasing power on the budget on large project component international project. Project that depend on the weather condition like road construction, coastal project face risk of delay due to exceptionally wet or windy weather. The project risk is the possible outcome that planed event on the project will not occurred as planed or that unplanned event will occurred that will have the negative impact on the project. Known risk can be identify before they occurred. While unknown risks are unforeseen. Organizational risk are associated with the business purpose of the project and assumed by the client deciding to do the project.