'Risk Management is now a mainstream activity and not simply a process buried deeply in project management'. Peter Campbell, 2012 Discuss this statement and the implications for project management. In this assignment you should consider the theoretical concepts of risk management in relation to projects and discuss the practical implementation of them. Refer to your experience and/or the literature to link your discussion to cases and examples. You should demonstrate the leaing outcomes of the unit which in the main are to:  Understand key challenges in the application of Risk Management both at project/operational and strategic/corporate levels.  Formulate appropriate Risk Management strategies and plans in order to develop and embed effective project risk models, mitigation and contingency plans for appropriate action.