This report provides a detailed analysis of the strategic risk management involved in the redevelopment of ANZ Stadium in Sydney. It begins with a project charter outlining the project's scope, objectives, resources, and key stakeholders, including internal stakeholders like the stadium authority and employees, and external stakeholders such as the project manager, suppliers, supervisors, workers, government bodies, and environmental agencies. The report then delves into the project plan, detailing the project management approach using the waterfall model, which emphasizes clarity in requirements, thorough analysis, design and scheduling, implementation, and ongoing support and maintenance. Key elements of the project plan include a work breakdown structure (WBS), scheduling using a Gantt chart, change management protocols, a risk management plan with a risk register and matrix, a communication plan, quality management measures, and procurement management strategies. The report underscores the importance of identifying, quantifying, and mitigating risks to ensure the successful completion of the project within the estimated cost and time, ultimately aiming to enhance the stadium's capacity and improve facilities for fans and sporting events.