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The element of risk is inherent in every activity of a project. Projects are exposed to various types of risks like technical risks, economic risks, social risks, production risks, financial risks and human risks. This case describes how a company developed and implemented a risk management system to help it deal with the uncertainties in the business environment. The case explains the various stages involved in developing a risk management system: identifying the areas to be monitored by the risk management system; setting priorities for managing risks and developing appropriate risk responses; implementing the risk response; and monitoring the effectiveness of the risk management programme. The case is structured to enable students to understand: (1) the importance of scanning the business environment to identify the sources of risk for a project organisation; (2) the need to develop a risk response strategy for the successful implementation of a project; and (3) the process of implementing a project risk management programme. The case is aimed at MBA/PGDBA students and is intended to be part of the project management or operations management curriculum.