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In summary, the project risk management is refers to the projectmanagement organization to the risk which possibly meets to carry onthe plan, the recognition, the appraisal, should to, the monitoringprocess, is always called by science management realization biggestsafety control practice. This article briefed the risk managementdevelopment tendency, the background, the significance as well as therisk management based on the engineering project characteristic in thedomestic and foreign development condition. Has discussed the riskmanagement content and the characteristic, as well as the riskmanagement basic principle, has studied the risk management flow, therisk management role as well as the risk management effect afterappraisal and performs to the risk management flow to improve. Thisarticle unified the concrete case to carry on the real diagnosisanalysis, entire process thought and the tool and so on riskmanagement thought, risk management plan, risk management flow hascarried o