Primary objective of this article is to discuss information on Risk Management. Risk management would be the assessment of risks relevant to a product, managerial conclusion, or any other company policy. It is a significant aspect as it familiarizes the faculty with probable risks and also helps put upwards a backup plan in the event of failure and toughest case scenario ailments. Risks can end up being incurred from instability in a variety of fields like finance, marketing, credit, legalities and also via natural disasters, accidents attack from rival or adversary etc. Risk management is a simple process if done in a proper manner. It usually is after the development phase of any project or before designing of any new project.