Risk management is process of identifying, assessing, reducing and accepting risks. Efforts to avoid, mitigate and transfer risk can produce significant returns. In a project risk there is a compliance risk that can greatly effect causing significant cost of changing products and its process also legal structures due to change new laws and regulations. This risk can not be reduced to a great extent as the products it’s processes and legal structures has be changed according to new laws and regulations. Identifying, assessing and then changing the process or products can migigate the risk and produce significant returns.