The aim of this paper is to build a framework to classify and categorize all the risk that IS (or specifically IT) projects face in an offshore-onshore model based engagement. We have developed a Risk Map (along with a risk migration plan and a risk mitigation plan) with different regions of Risks which will help us to classify all the risks arising both at offshore and onshore end and put them in their right region. The map will classify all known and unknown or unforeseen risks and will help assigning owners and responsibilities to each and every risk. Risk Prioritization and risk migration are an important aspect Rick management. The Risk map will help us achieve this as well.
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