The Importance of Risk Management What parts of Project Planning do you complete before you perform the Plan Risk Management Process? What will you do as a PM when you determine that project scope and objectives are not clear? Give an example of a real world project you are familiar with and discuss its Risk Management Methodology. Do the stakeholders believe risk management is needed and important? What would you recommend to them as to why risk management is important? If you are not familiar with a real world project, search for one on the internet and discuss its Risk Management Process.