Outdoor events and activities such as skiing, rock and mountain climbing, canoeing, diving, just to name a few, come with various risks that are part of sporting. However, it is imperative to identify the risks involved and come up with strategies that will help in minimizing them. Risk management can be described as the process by which an organization or an individual in the adventure management industry come up with various policies and measures that will help to reduce the frequency and severity of accidents as well as develop various ways that will help in appropriate response in the event that an accident occurs (Jackson and Heshka, 2011). Outdoor adventure risk management should be a team activity whereby all involved persons share responsibility in making sure an adventure is safe. Safety in any outdoor event or adventure is paramount but cannot be guaranteed due to many factors that cannot be controlled. However, it is imperative to reduce risks rather than setting rigid safety standards or precautions that cannot mitigate any threat to safety. In light of this, it is imperative to look at the main steps that help in management of risks in any outdoor adventure. Three main steps will be discussed in details so as to understand how risks in outdoor adventures can be mitigated.