AbstractRisk management is a hot topic that most Systems Engineers consider important, however, many differ in the strategy of implementation. Most Systems Engineers use different ad hoc methods, based on their own experience, along with structured methodologies to implement risk management This paper describes a general structure for risk management in a development environment. The paper also describes the implementation of this general risk management plan for a specific development project extended over two years. The paper presents the lessons learned on doing risk management for this project along with a strategy for implementing risk management on future problems.