The benefits of risk management in projects are huge. You can gain a lot of money if you deal with uncertain project events in a proactive manner. The result will be that you minimise the impact of project threats and seize the opportunities that occur. This allows you to deliver your project on time, on budget and with the quality results that your project sponsor demands. Also, your team members will be much happier if they do not enter a fire fighting mode needed to repair the failures that could have been prevented.