The Risk management increases the probability and impact of positive events and decrease the probability and impact of negative events. This process of identifying the risks includes risk management planning, identification, analysis, response planning and monitoring and control on a project. Once a risk is identified through the indentification process, risks are prioritized for further analysis or action by assessing and combining their probability of occurrence and impact. Risk response plan is implemented to track identified risks, monitor residual risks, identifying new risks and evaluating the risk process throughout the project.