Is risk management conducted in projects,in the true sense of the word?

Risk management is an iterative process that begins, at a high level, in the initiation phase and continue through the planning phase into the execution of the project. It is an ongoing process and not something that occurs once and you are done.

The emphasis or importance that is placed on risk management and the effectiveness of the approach used is up to the project manager and project team to develop and maintain throughout the entire lifecycle of a project.

I cannot speak for other project managers, but as for the projects that I have led, risk management has been a very tangible component as much as any other management area, (cost & schedule management, procurement management, etc..). Risk management to me is not to fulfill an obligation or check off a spec box on a checklist but one of the many tools I have to ensure a successful project.

I encourage you to find ways to influence your project teams to reexamine how important risk management is for the success of your projects. Revisit PMBOK and other resources to find better and more creative ways to implement risk management as a team.

I do agree that there are probably many companies and project managers that only pay lip service to risk management to fulfill a checkbox and they eventually pay the price for the lack of buy-in to a sound risk management approach.

it depends on the PM and Organization , Yes most of the places it is not done effectively most places we just monitor project scope,schedule and cost...and do risk management around these on high level

First of all, I have to ask: what does mean "true sense of the word?". Second, I have to say: project risk management must be implemented from planning not from execution. Third, let me say: the only thing people naturally do when work in projects is to talk about risk and issues which are the basic of project risk management. But they usually did not know that.

Risk management is an iterative process that begins, at a high level, in the initiation phase and continue through the planning phase into the execution of the project. It is an ongoing process and not something that occurs once and you are done.

The emphasis or importance that is placed on risk management and the effectiveness of the approach used is up to the project manager and project team to develop and maintain throughout the entire lifecycle of a project.

I cannot speak for other project managers, but as for the projects that I have led, risk management has been a very tangible component as much as any other management area, (cost & schedule management, procurement management, etc..). Risk management to me is not to fulfill an obligation or check off a spec box on a checklist but one of the many tools I have to ensure a successful project.

I encourage you to find ways to influence your project teams to reexamine how important risk management is for the success of your projects. Revisit PMBOK and other resources to find better and more creative ways to implement risk management as a team.

I do agree that there are probably many companies and project managers that only pay lip service to risk management to fulfill a checkbox and they eventually pay the price for the lack of buy-in to a sound risk management approach.

Risk management need to be put in place early in the project, not just for execution.
What is "true sense of the word"? You mean not a smoke screen!

Risk management is an iterative process that begins, at a high level, in the initiation phase and continue through the planning phase into the execution of the project. It is an ongoing process and not something that occurs once and you are done.

The emphasis or importance that is placed on risk management and the effectiveness of the approach used is up to the project manager and project team to develop and maintain throughout the entire lifecycle of a project.

I cannot speak for other project managers, but as for the projects that I have led, risk management has been a very tangible component as much as any other management area, (cost & schedule management, procurement management, etc..). Risk management to me is not to fulfill an obligation or check off a spec box on a checklist but one of the many tools I have to ensure a successful project.

I encourage you to find ways to influence your project teams to reexamine how important risk management is for the success of your projects. Revisit PMBOK and other resources to find better and more creative ways to implement risk management as a team.

I do agree that there are probably many companies and project managers that only pay lip service to risk management to fulfill a checkbox and they eventually pay the price for the lack of buy-in to a sound risk management approach.