Risk management is a known concept these days in manufacturing industry. Project riskrnmanagement is considered as one of the most significant and basic factors in the ten knowledgernareas of project management. Manufacturing projects financed by DBE, confronted several risksrnthat may confine their prosperity because of the explanation that, these projects has especiallyrnhuge risks because of the fluctuating trends of worldwide business.rnConsequently, this study planned for surveying the practice of project risk management on DBErnfinanced manufacturing projects by assessing the project risk management process such as RiskrnManagement Planning, Risk Identification, Analysis, Response and Monitoring.rnTo conduct a study, the descriptive research approach adopted, and a stratified random samplingrntechnique was chose since it is especially applicable where data is required legitimately from thernmarvel under scrutiny and where time and assets are restricted. To fulfill the objectives of thernstudy, questionnaire were develop and distributed to 135 respondents of which 106rnquestionnaires collected from the manufacturing industry project managers, team managers andrnproject contact officers in the DBE. All the legitimate surveys were investigated utilizing SPSSrnv20 adopting the 5-Point Likert Scale. Secondary data likewise gathered by means of literaturernreviews of print and website articles, books and published documents.rnIn light of the analysis, the outcomes showed inadequate experience and practice of project riskrnmanagement process in the manufacturing projects. The execution and utilization of remarkablernproject risk management has not watched and an incredible consideration not given.rnSubsequently, the study suggested that every concerned parties like project owners, projectrnmanagers, chiefs, project participants, and experts should comprehend the significance of projectrnrisk management for the thriving of manufacturing projects and should utilize legitimate riskrnmanagement process and methods in the manufacturing industries.