Risk is when an uncertain event or condition can occur and have an effect on the project outcome. Project manager tries to know everything about risks so that it could not effect negatively to the project. Project managers know how to mitigate risk, and use it as a core strategy in project management. PM will documenting risks and note where impacts to time, cost and quality are likely to occur. Once he identified risks, he will work team to develop strategies for addressing them, should they arise.  Everything is about risk means What is project risk, the difference between known and unknown risks, the difference between the business risk of the organization and project risk and identification of secondary or new risks arising from the already identified risks and how the project affects by individual risk and overall project risk. The whole risk management process includes identification of risk,analyze and prioritize the risks ,plan the risk responses,monitor risk,communicate with stakeholder about the risks ,responds to the issues.