Strategic Project and Risk Management in Dynamic Environments 1Unit 1 - Individual Project 2 Strategic Project and Risk Management in Dynamic Environments Name University February , 2018 Project Risk Management Introduction Risk management is one of the most important aspects that any project developer requires to understand fully. Development of projects without the establishment of effective risk management programs is a possible means to the failure of that project. In order to avoid such outcomes, project developers make the effort of establishing a solid and highly effective risk management program to help in making sure that the project does not in any instance fail to succeed. Risk management programs are mainly established with reference to the project and its nature. In order to ensure that most of the risks the project face are mitigated, project developers evaluate the stages of project development and then assess possible risks that may present in those situations. In this paper, a project will be explained, which will be used to create a risk management plan (Gregory, 2007). Project Description Software development is currently one of the most significant activity that many companies are considering venturing into, mostly because people have attained a significant interest in having most of their activities and daily operations automated. Software products help people manage to carry out a wide variety of tasks and activities in an effectively appropriate way. Intridea is one of the largest software development companies, which venture in providing people and other clients with software products that they feel they need. The organization has a large network of develop engineers, who provide the service of developing the software products that clients of the organization order. The process of developing any software is considered a project by the organization, since it requires following all the strict policy stages that the organization has established in order to complete. The organization aims to complete every software development process successfully and thus the need to ensure that all important steps to address risks is essential. Intridea develops a large number of software products for many clients. One of the most recent projects that the organization is currently involving in is the development of a trading software to implement a trading strategy from a client. The trading strategy that the client requires implemented is the use of three indicators to determine trend, and then using hedging to avoid loss in any trade that might be against the traded trend. Such a project is considered to be significantly important, since the client has a high stake to loose in case it is developed with flaws. Trading software products are developed in a sim.