Project Risk management is the process of identifying, evaluating, avoiding, or reducing risks. Where there is no software project without risks existence are natural in the context of project planning and management. This study focuses on proposing an enhanced risk management approach where testing phases were added to make the risk management process more effective by proposing solutions to many mistakes and challenges that occur through dealing with risks. The proposed approach focuses on dealing with risks that cannot be easily defined, more accurate risk evaluation, planning, and managing risk coordinated with a contingency plan.