While previous research suggests that risk management influences project success, less is known about the practical application of the risk management concept on projects and its’ influence on development project success. Thus, this thesis investigates the impact of risk management on project success from a development project perspective. Adopting a qualitative case study approach with semi-structured interviews as the main source of data collection and assessing success from a stakeholder perspective as well as the achievements of the project’s intended outcomes and analysing the various risk management strategies adopted in the pursuance of those outcomes, the findings indicate that risk management practice positively influence development project success. To achieve this, the empirical data shows that risk identification need to be approached strategically to provide a clear focus for project delivery leading to the design of strategic actions to respond to identified risks as well as an effective monitoring and evaluation of the risk management process as a whole. Additionally, the different stakeholder objectives and expectations need to be strategically incorporated into the risk management strategy without deviating from the project’s purpose. The study recommends the need for development project managers not to over-rely on academic expertise in their identification of risks but make use of the wider pool of knowledge available to them, technical or not and to also pursue the positive impacts of risk. Furthermore, they should widen their risk management strategies to include donor support missions, without deviating from the project’s purpose, to ensure transparency and efficiency.