The presentation will address sources of engineering and construction risks in project management. Examples of historical events will be discussed and used to demonstrate sources of risk and steps that may be taken to prevent events that inhibit the progress of a project. The use of industry standards from AACE and PMI to manage risks will also be discussed as related to project management. The session will provide practical suggestions to construction, design, and facility managers on balancing risk factors and using collaboration and a detailed path to successfully reach a project goal.