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Project Risk Manager information

See Minnesota salary details

$37.7K

$100.6K

$158.7K

How much do project risk manager jobs pay per year?

As of Jul 17, 2026, the average yearly pay for project risk manager in Minnesota is $100,568.00, according to ZipRecruiter salary data. Most workers in this role earn between $76,900.00 and $120,500.00 per year, depending on experience, location, and employer.

What is the difference between Project Risk Manager vs Project Coordinator?

AspectProject Risk ManagerProject Coordinator
Primary FocusIdentifying, assessing, and mitigating project risksSupporting project activities, scheduling, and communication
CertificationsRisk Management certifications (e.g., PMI-RMP), PMP often preferredProject management certifications (e.g., CAPM), PMP optional
Work EnvironmentRisk analysis teams, project management offices, industries with high riskProject teams, administrative settings, various industries
ResponsibilitiesRisk assessment, mitigation planning, monitoring risksTask coordination, documentation, stakeholder communication

The Project Risk Manager focuses on identifying and managing potential project risks to ensure successful delivery, while the Project Coordinator handles day-to-day project support and communication. Both roles are essential but differ in scope and specialization.

What does a Project Risk Manager do?

A Project Risk Manager is responsible for identifying, assessing, and mitigating risks that could impact the success of a project. They work closely with project teams and stakeholders to develop risk management plans, monitor potential issues, and implement strategies to minimize negative impacts. Their goal is to ensure projects are delivered on time, within budget, and meet quality standards by proactively managing uncertainties.

What are the key skills and qualifications needed to thrive as a Project Risk Manager, and why are they important?

To thrive as a Project Risk Manager, you need expertise in risk identification, assessment, and mitigation strategies, often supported by a degree in business or engineering and risk management certifications such as PMI-RMP or IRM. Familiarity with risk management software, project management tools like MS Project, and frameworks such as ISO 31000 is typically required. Strong analytical thinking, communication, and stakeholder management skills set top performers apart in this role. These competencies ensure that potential project threats are proactively managed, enabling projects to meet their objectives within scope, time, and budget constraints.

How does a Project Risk Manager typically collaborate with project teams to identify and mitigate risks throughout a project's lifecycle?

A Project Risk Manager works closely with project teams by facilitating risk identification workshops, conducting regular risk assessments, and maintaining open communication channels with stakeholders. They often lead meetings to review potential risks, encourage team members to raise concerns early, and coordinate with subject matter experts to evaluate and prioritize risks. By embedding risk management practices into routine project activities, they help ensure risks are proactively addressed, enhancing overall project success and fostering a culture of risk awareness.
What are popular job titles related to Project Risk Manager jobs in Minnesota? For Project Risk Manager jobs in Minnesota, the most frequently searched job titles are:
What job categories do people searching Project Risk Manager jobs in Minnesota look for? The top searched job categories for Project Risk Manager jobs in Minnesota are:
Project Risk Manager jobs near you
Project Manager II - Engineering

Project Manager II - Engineering

Starkey Hearing Technologies

Eden Prairie, MN • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 29 days ago

Starkey rating

7.8

Company rating: 7.8 out of 10

Based on 13 frontline employees who took The Breakroom Quiz

55th of 143 rated electronics manufacturers

Job description

Starkey is hiring a Project Manager - Continuation Engineering (CE) at its global headquarters in Eden Prairie, MN that is responsible for managing the intake, planning, execution, and closure of Continuation Engineering Requests (CERs) across the CE portfolio. This includes quality improvement, cost reduction, supply chain continuity, and manufacturing scalability initiatives for released hearing aid products. The PM works closely with CE engineers (Electrical, Mechanical, Systems Verification), as well as Quality, Supply Chain, Operations, Manufacturing, and R&D to deliver CERs on time and within scope. This is a high-visibility role with regular interaction with the Director of CE and cross-functional stakeholders.
Starkey is a world leader in the manufacturing and distribution of advanced hearing technologies. We are in the business of connecting people and changing lives. Our teams come to work each day focused on ensuring people everywhere have the products and services they need to hear better and live better. Founded in 1967 by Bill Austin, Starkey is known for our cutting-edge hearing health innovations, industry-leading research and development, and not being afraid to push the edge of what's possible. We are headquartered in Eden Prairie, Minnesota, have over 5,000 employees in 29 facilities across the globe, and do business in more than 100 markets worldwide.
Watch this video to see more of what sets Starkey apart.
https://youtu.be/9cUYwTlCepg?si=wkovx8_R_iINfrc6
JOB RESPONSIBILITIES
  • CRE Portfolio Management and Prioritization
    • Manage the CE project intake process; triage, document, and prioritize CERs in alignment with Director of CE and cross-functional stakeholders.
    • Maintain a current and accurate CE project portfolio view, including status, risks, resource utilization, and completion forecasts.
    • Support the Director in establishing and reporting KPIs and SLAs for CE execution efficiency and responsiveness
    • Provide regular portfolio-level status reporting to CE leadership and executive stakeholders
  • Project Planning and Execution
    • Create, maintain, and execute detailed project plans and schedules for assigned CERs using MS Project and establish best practices.
    • Define project scope, deliverables, resource commitments, and timelines in collaboration with CE engineers and department leads.
    • Facilitate weekly CE team meetings; document minutes, decisions, action items, and risk logs.
    • Track, manage, and drive timely resolution of project risks, issues, and action items.
    • Call special working sessions as needed to resolve technical or schedule issues.
  • Cross-functional Coordination
    • Work effectively with CE engineers, Quality, Supply Chain, Operations, Manufacturing, and R&D to coordinate CER execution.
    • Ensure that CERs requiring R&D collaboration for specification changes are properly routed and aligned with design control processes.
    • Coordinate resource commitments and quickly resolve scheduling or dependency conflicts with department leaders.
    • Communicate project status and risks outward and upward to stakeholders and CE leadership in a concise, data-driven manner.
  • Risk Management and Continious Improvement
    • Proactively assess and manage project risk; establish mitigation and contingency plans for each CER.
    • Capture lessons learned and contribute to CE process improvement initiatives.
    • Identify opportunities to reduce CER cycle time, improve execution efficiency, and reduce product development risk.
    • Support deployment of new CE project management tools and practices as directed by the Director of CE.
  • Other Duties/responsibilities as assigned.

JOB REQUIREMENTS
Minimum Education, Certification and Experience Requirements
  • Education
    • 4 year degree in Engineering, Project Management, Operations, or another relevant field required.
  • Experience
    • Minimum 3-5 years of project management experience in an engineering, manufacturing, or product lifecycle environment.
    • Fundamental understanding of electrical, mechanical, or manufacturing engineering concepts preferred.
    • Hearing aid, medical device, or regulated manufacturing environment experience preferred.

Knowledge / Technical Requirements
  • Proficient with MS Project and MS Office applications (Excel, PowerPoint, Word).
  • Familiarity with PMO tools, SharePoint, or equivalent project tracking platforms.
  • Working knowledge of change management, ECO/ECR processes, and design control in a regulated industry preferred.
  • Understanding of supply chain, cost engineering, and manufacturing operations a plus.

Competencies, Skills & Abilities
  • Detail, data, and process-driven with strong organizational and time management skills.
  • Ability to anticipate roadblocks, diagnose problems, and generate effective solutions.
  • Excellent interpersonal skills and ability to work with diverse cross-functional groups.
  • Strong negotiation, conflict resolution, and stakeholder management skills.
  • Strong analytical and problem-solving skills.
  • Excellent oral, written, and presentation communication skills.
  • PMI certification (PMP or CAPM) desirable.
  • Experience with MS Project Server and SharePoint desirable.

WORK CONTEXT
Working Conditions
  • Standard office conditions

Equipment Operation
  • Standard office equipment, MS Project, MS Office Suite, SharePoint.

Salary and Other Compensation:
The target rate for this position is between $88,550 to $115,000/year. Factors which may affect starting pay within this range may include geography/market, skills, education, experience and other qualifications of the successful candidate.
Benefits: The following benefits for this position, subject to applicable eligibility requirements, include medical, dental and vision insurance, 401(k) retirement plan with company match, company-paid life and short-term disability insurance, long-term disability insurance, employee assistance plan, hearing aid benefits, Paid Time Off, paid holidays, paid floating holidays, paid volunteer service day, paid paternity and maternity leave and tuition reimbursement
This position is eligible for a bonus based upon performance results. There is no guarantee of payout.
#LI-KS1
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.

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