The development of a stronger risk culture across the whole organization offers greaterrnbenefits. Such a risk culture would mean tackling a number of current challenges. Makerneveryone responsible for managing risks and for everyone to take accountability for doing so,rnso that the management of risk becomes an everyday, whole-company approach. If peoplernare to be empowered to manage risks then the next challenge is to train and educate peoplernwithin the organization so that they have the tools and the skills to manage risks that theyrnface. This includes general risk management awareness training for everyone, with morernspecialized risk and opportunity management training for those who deal with specific typesrnof risk, whether financial, security, project, safety, or other. The purpose of this study is tornassess challenges of risk management implementation in Telecom Expansion Program ofrnethio telecom. The programâ€™s risk management implementation is assessed in line with thernfive risk management processes of; planning, identification, analysis, response andrnmonitoring. Questionnaire was developed based on each risk management process andrndistributed to 40 respondents. The data obtained from the questionnaire was analyzedrnquantitatively using SPSS software and the data collected from interview were analyzedrnqualitatively. The quantitative data were presented using tables, graphs & charts and thernqualitative data was used to support and elaborate the quantitative data. From thernquantitative and qualitative data it was found that the program gives the utmost attention forrnrisk management and included risk management in the programâ€™s plan. Risks arise at eachrnstage of the program were managed throughout the program lifecycle. Risk analysis andrnmonitoring was performed well in the program whereas risk identification is not performedrnexhaustively. The main challenges resulting from the study was: lack of risk expert to leadrnRM team, lack of practical experience, lack of risk knowledge and information and low levelrnof awareness among stakeholders. Lack of risk management expert to lead RM is observedrnpersistently in every stage of risk management. To overcome the challenges mentionedrnabove and to enjoy the benefits of good risk management, the researcher suggested:rnownership and accountability of risks must be created among stakeholders through allowingrnthem to have a part on risk management process. The company must see other options tornget a skilled manpower to handle its future risks. On the top of these, intensive riskrnmanagement awareness creation training must be provided to everyone to enhance the riskrnmanagement culture.