Abstract This document outlines a risk management plan for the modernization of United Arab Emirates Public Library and Cultural Center (UAEPLCC). UAEPLCC is among several libraries, in the wider Middle East region, that serve as important cultural centers for the people of the United Arab Emirates (UAE). This document presents the risk management plan in six parts that cover the most important parts of the risk management process. Overall, this plan serves as a model for developing risk management plans for construction projects. Introduction Scope This risk management report aims to identify, analyze, and mitigate the risks associated with the modernization of the United Arab Emirates Public Library and Cultural Center (UAEPLCC). The construction of UAEPLCC ended in 1982. Since the building’s designers worked in the 1970s, most of the center’s facilities have outgrown their usefulness and need modernization. This background informs the need to install new technology and equipments to help library users have a better experience at the center. This risk management plan encompasses the rules stipulated in the project management plan for the acquisition of capital assets by Blokdijk (2008). The plan also incorporates project best practices of other similar projects. This risk management plan assumes the existence of risks in all facets of a project plan. The success of the risk management plan is therefore quantifiable through the identification, evaluation, and management of these risks. Thus, the goal of this risk management plan is to improve project success through the management of problem areas that may lead to the increment of project costs, or the delay of project schedule. Indeed, Ahmed & Kayis (2007) say that project risks may cause undesirable outcomes, including (but not limited to) cost escalations, project delays and the production of poor quality project outcomes. Thus, the risk management plan will be a continuous process that addresses problem areas in all project phases. Three characteristics explain project risks – a defined event, the existence of a probability of occurrence, and the existence of consequences, if they occur (risk severity is a function of its probability and impact) (Ahmed & Kayis, 2007). To this extent of analysis, it is equally crucial to point out that this risk management process is an important part of the planning and performance phases of the UAEPLCC project. As such, this risk management report provides a methodology for identifying and assessing the risks associated with the project. This way, it would be easy to determine their impact and associated probability of occurrence. A mitigation plan would thereafter minimize the probability of the risks causing undesirable consequences in the project. Overview of Risk Management Process This risk management plan includes the following six steps: Risk Management Planning Before the onset of risk mitigation activities, an analysis and ascertainment of the potential problem areas surrounding the project will occur. Typically, this process outlines a risk screening exercise that evaluates the potential for every risk, by understanding its safety, environmental, security, and design fault