• Construction risks: unable to construct on time and within budget because of technical or organizational problems
• Competitive risks: loss of market to better, earlier, or larger projects similar to or substituting for your project)
• Financial risks: changes in interest rates, exchange rates, credit limits that affect our ability to raise sufficient funds for project; changes in cash flows that affect ability to mortgage payment
• Political risks: changes in government or in regulations that limit our ability to complete, open, or receive payment for our project

The Risk Management Plan should propose applicable and effective control measures for managing the risks. It needs to be approved by the level of management appropriate to the kind/implication of risk. For example, a risk concerning the image of the organization should have top management decision behind it whereas IT management would have the authority to decide on computer virus risks. A good risk management plan should contain a schedule for risk control implementation and persons responsible  for those actions.

We recommend Project Managers to read "Project Risk Management Handbook" to understand how to practically apply the Concept of Risk Management  in your project. You may also like to take assistance of "ProjectFuture - the Project Risk Management Software" to effectively implement the concept in your organization.