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Project Risk Manager

HIGH DemandLOW AI Risk· Rs.150k+ /mo

About This Role

Identifies and analyzes potential risks in projects and develops mitigation strategies to ensure success.

A Day in the Life

Identify, assess, and develop mitigation strategies for risks across a project or project portfolio — ensuring risk is quantified, owned, and actively managed to protect project objectives and organisational value.

  • Facilitate project risk identification workshops with project teams and stakeholders
  • Maintain the risk register — assessing probability, impact, and risk ratings for each risk item
  • Develop and monitor risk response plans — avoidance, mitigation, transfer, or acceptance strategies
  • Produce risk status reports for project boards and steering committees
  • Conduct quantitative risk analysis (Monte Carlo simulations, sensitivity analysis) for major projects
  • Identify risk interdependencies across the portfolio and escalate emerging aggregate risks
  • Support lessons learned processes to improve risk management on future projects
  • Ensure project risk management practices align with enterprise risk management (ERM) frameworks

Work Environment

HYBRIDTeam: SMALLBUSINESS CASUALRemote: MEDIUM

Large infrastructure projects (road, energy, port), IT transformation programmes, and financial services. In Sri Lanka, Project Risk Managers are most needed in government infrastructure megaprojects (expressways, power plants, port expansion), large IT transformation programmes in banks, and construction firms working on complex multi-party contracts. Still an emerging role in many SL organisations.

Skills Required

Required

Project ManagementRisk Management & Mitigation

Preferred

Analytical Thinking

Technical Skills

Qualitative and quantitative risk assessmentRisk register development and maintenanceMonte Carlo simulation and probabilistic risk analysisRisk response planning (avoid, mitigate, transfer, accept)Enterprise risk management (ERM) frameworksProject scheduling and cost risk analysisRisk reporting and dashboard creationInsurance and contractual risk transfer mechanisms

Soft Skills

Facilitation of risk workshops with cross-functional stakeholdersClear communication of complex risk concepts to non-specialistsCritical and independent thinking — challenging optimism biasPersuasion and influencing to drive risk mitigation actionsAttention to detail in documenting risk scenariosStructured thinking and scenario planning

Tools & Software

Primavera Risk Analysis (Oracle)@RISK (Palisade) for Monte Carlo simulationMicrosoft Excel (risk registers, probability-impact matrices)Active Risk Manager (ARM) or similar risk softwareMicrosoft Project (schedule risk integration)Power BI (risk dashboards)

Risks & Challenges

AI Replacement Risk

LOW

MID TERM

Burnout Risk

MEDIUM

Job Security (SL)

HIGH

How to Qualify in Sri Lanka

View all paths →

At a Glance

SL DemandHIGH
Remote WorkMEDIUM

AI Replacement Risk

LOW

MID TERM

Sectors

Private

Reviews & Ratings

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Frequently Asked Questions

Identify, assess, and develop mitigation strategies for risks across a project or project portfolio — ensuring risk is quantified, owned, and actively managed to protect project objectives and organisational value.

To become a Project Risk Manager in Sri Lanka. Relevant degree programmes include: Project Management, Project Management. Explore step-by-step career roadmaps contributed by Sri Lankan Project Risk Managers at paths.lk/career-paths/project-risk-manager.

In Sri Lanka, a Project Risk Manager earns between LKR 150k and LKR 150k/month.

Key skills for a Project Risk Manager in Sri Lanka: Project Management, Risk Management & Mitigation. Important soft skills: Facilitation of risk workshops with cross-functional stakeholders, Clear communication of complex risk concepts to non-specialists, Critical and independent thinking — challenging optimism bias. Tools and software: Primavera Risk Analysis (Oracle), @RISK (Palisade) for Monte Carlo simulation, Microsoft Excel (risk registers, probability-impact matrices), Active Risk Manager (ARM) or similar risk software.

Large infrastructure projects (road, energy, port), IT transformation programmes, and financial services. In Sri Lanka, Project Risk Managers are most needed in government infrastructure megaprojects (expressways, power plants, port expansion), large IT transformation programmes in banks, and construction firms working on complex multi-party contracts. Still an emerging role in many SL organisations.