Risk is an inevitable part of doing business. Active management of the risk is what creates consistently successful organizations. Risk management is defined as forecasting and evaluating financial risks and identifying procedures to avoid or minimize their impact. As structural engineers, we have a specific set of risks in doing business. We need to 1) identify the risks, 2) evaluate their relative significance, 3) develop procedures to minimize those risks, and 4) monitor the results. I like to view our risk exposure through the project life cycle lens.