Subject: Risk Management There are 4 critical success factors that are important for effective risk management: supportive organization; competent people; appropriate methods, tools and techniques; and simple, scalable process.Recommend how you would approach the shareholders/owners of a project and persuade them that the missing critical success factor(s) must be addressed in order to maximize a successful project. Solution Approach to persuade the shareholders/owners of a project and persuade them that the missing critical success factor must be addressed in order to maximize a successful project We will list the benefits of tackling critical risk factors These are some of the convincing advantages recommended to shareholders to peruse critical risk factors for success of project.