Although risk manag ement approaches appeared more than one decade ago, there is the evidence of low pe netration rate of their techniques in software projects. One of the most widely known methods is the SEI Software Continuous Risk Management (SEI-CRM) method. This pape r addresses the usage of the SEI-CRM method in a big software development project. The study we carried out sug gests that SEI -CRM is limited in terms of the organizational risk perspective. This research i s expected to contribute with the knowledg e on risk manag ement for software development projects by for which we propose to ex tend the SEI-CRM method with some organizational risk factors that we have found relevant from our study.