It is not an easy task to predict risk or threat at the beginning of a project (Kaplan & Mikes, 2012). Threats may be evident at any stage indicated below. The threat may be evident in the period of project initiation, planning, execution, control and closure. To address the project challenges it is extremely essential to change the strategies of the risk management process. By employing new strategies, management can address issues related to the threats the company faces. The company has faced two major threats in recent times. This has become one of the major effects on the company's risk management plan, so the company has to find new strategies to deal with such events and has to spend or allocate more resources. There should be changes in the monetary allocations of this organization's risk management process. The company faces two major threats and has also had the chance to seize two opportunities. Incidents have affected the normal performance of the organization and it is necessary to modify the risk register activities according to the current requirements of the organization, therefore it is necessary to modify the risk register schedules to address future problems. Management should follow this strategy to change the planning of