The vital objective of this article is to analysis about Risk Strategy and Identification. Risk is usually a potential problem. It may well or may certainly not happen. But no matter what it, it is the ultimate way to mention out most possible risks, prioritize these people, find their impacts within the project and then plan the best way to manage risks if it actually comes about. Risk identification and assessment would be the steps, in fact number of steps that facilitates the team as well as the management to fully grasp and face this unwanted outcome.