Critical Success FactorsCritical success factors are certain components that are applied to the success of a certain project or task. For risk management strategies to work successfully, they must be applied continuously in an organization, and the best way to achieve this is to incorporate critical success factors that ensure that the strategies are implemented consistently. using a structured approach. Critical success factors help an organization and its employees identify certain benchmarks that will direct them toward the goal and objective, and measure the success of the project or business. The four critical success factors that help develop a structured approach to strategy implementation are a supporting organization, appropriate supporting infrastructure, competent people and a detailed process document (Yaraghi & Langhe, 2011). The critical success factor of a supporting organization has a clear purpose. and risk management objective, has adequate resources to implement risk management strategies, adheres to stakeholders, has a culture that recognizes uncertainty, accepts the need for change and has an appropriate framework to support risk management strategies. In Flayton Electronics company analysis, it has sufficient resources to implement risk management because the company has spent a lot of time and money on new payment card industry standards ( PCI) regarding data protection. The company's vice president of loss prevention anticipated the risk of data theft; showing that the company recognized that uncertainty was inevitable. Having competent people translates into effective risk management strategies; employees and other stakeholders need to be trained and made competent for the project risk as the company may be exposed to several lawsuits and legal actions. Public perception of branding may change significantly, resulting in additional requirements being incorporated into project risk management for Flayton Electronics. Works Cited Govori, A. (2012). Measuring and managing the impact of risks on organizations: the case of Kosovo. Journal of Advanced Research in Management, III (1), 17-26. Hillson, D and Simon, P. (2012). Practical Project Risk Management: The ATOM Methodology (2nd ed.). Vienna, Virginia: Management Concepts. Jugdev, K. (2012). Learning from lessons learned: A research agenda in project management. American Journal of Economics and Business Administration, 4(1), 13-22. Yaraghi, N. and Langhe, RG (2011). Critical success factors for risk management systems. Journal of Risk Research, 14(5), 551-58