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Saturday, January 14, 2012. Venture Administration - The Risks. The main projects engaged in Risk Administration are:. Developing a Risk Administration Strategy which will assist in determining and examining the threats, tracking the threats and addressing them. Developing and keeping a Risk Log list the threats and their intensity. This is a useful papers not only for tracking the threats but also for speaking the threats to all the stakeholders. Developing a technique for addressing threats that occur.