This report provides a comprehensive analysis of risk management strategies within the context of Australian Innovative Systems (AIS). It covers various aspects of risk, including environmental, health, and industrial risks associated with inline chlorine generation technology. The report details risk objectives, relevant standards, and the risk context of AIS, including internal and external project contexts. It explores project risk identification techniques, risk assessment methodologies (qualitative and quantitative), and critical success factors. The report further examines risk classifications, the application of the Blacksmith Index, and the use of SWOT analysis. It also delves into positive and negative risk factors, simulation models, and the importance of a risk register. The report outlines key components of a risk management plan, various types of risks, and the application of ISO 31000:2009. Additionally, it covers risk analysis techniques, including qualitative and quantitative methods, and provides a bibliography of relevant sources.