Vykdant projektus, projekto vadovas susiduria su rizika, gresiančia kiekvienam projekto procesui. Kiekvienam darbui daro įtaką kokie nors rizikos elementai, dėl kurių to darbo atlikimas gali nukrypti nuo norimo plano. Projekto rizika dažnai yra neištirta, todėl vadovui sunku ją valdyti. Todėl magistrinio darbo problemą galima būtų formuluoti kaip rizikos faktorių identifikavimo ir jų įvertinimo prieš pradedant vykdyti projektą bei jų sekimo projekto vykdymo eigoje būdų ir metodų paiešką. / The paper presents investigation of risk management of the engineering company in project performance. Therefore effective risk management is very important for the company. The theoretical model for project risk management system has been composed on a base of the general sequence of the process in consideration of all aspects of engineering projects. Nevertheless the model is suitable for improvement of the management of any activity based on projects. The innovation project plan for implementation the risk management system based on this model has been worked out for the company. The efficiency of the system is evaluated on forecasted savings, expressed as percentage from company turnover. The investment is found consistent in five years prospective, but the sensitivity analysis discovered it being most sensitive to the efficiency of the system and its cost. Therefore several alternative scenarios have been modeled and the probability analysis provided.