Introduction Alarmed by catastrophic losses in the industry, many organizations are re-evaluating their different managerial assessment and programs. Operational failures are one of the results from management issues. Managing risks requires a new approach and control the weaknesses and improve process efficiencies. When a management gets too focused directly on the broad issue like the management risk, they can definitely employs methods such as risk-based pricing and risk-adjusted performance measures. Risk is a big issue within the management and excessive risk exposure can quickly lead to major losses. Understanding the Risk Issues Organizations have been conducting risk assessments for decades but still there are many things or issues that the management needs to recognize and control. In the absence of controls, the risk can be a trigger to a greater danger. Understanding the issues is another way to address the developing control management assessment (Khan and Shimpi, 2008). Th...