A risk management team is a separate and often independent unit within the project management team headed by the risk manager .The team also develops strategies to mitigate identified risks, applies risk management methodologies and risk analysis tools, and integrates insurance policies of treating prioritized threats with the project management team. The advantages of having risk management team in project team is PM can access the experts when in need because they are in the same project. It is easier to get everyone together to resolve problems related to the project and communication is also easy . However a team dedicated to one project is an expensive commitment can works only on big project. Team have to work on lots of things sometimes parallel this is a disadvantage. If risk management and project team members are different Resources are used efficiently and can move around between projects as needed because dedicated teams suck up resources to work on just one thing. They can limit the number of projects the company can do at any one time, especially when different projects require the same skills.