Yes, a risk management project requires a project manager $($PM$)$ with specific skills and expertise in risk management in addition to the general project management skills. Here's why:

Specialized Knowledge: A risk management project often deals with identifying, assessing, mitigating, and monitoring risks throughout the project lifecycle. A PM with specialized knowledge in risk management techniques, methodologies, and tools is essential to effectively address and manage project risks.

Risk Identification and Assessment: The PM for a risk management project plays a crucial role in identifying potential risks that could impact project objectives, stakeholders, timelines, and budgets. They work with stakeholders to assess the likelihood and impact of identified risks and prioritize them based on their severity and potential consequences.

Risk Mitigation and Response Planning: The PM develops risk mitigation strategies and response plans to address identified risks proactively. This involves collaborating with project teams, subject matter experts, and stakeholders to implement controls, contingency plans, or risk transfer strategies to minimize the impact of risks on project outcomes.

Monitoring and Control: The PM continuously monitors and controls project risks throughout the project lifecycle. They track key risk indicators, monitor risk triggers, and implement risk response actions as necessary to keep the project on track and within acceptable risk tolerances.

Communication and Reporting: Effective communication is crucial in risk management projects. The PM communicates risk$-$related information, updates, and mitigation strategies to project teams, stakeholders, and senior management. They prepare risk reports, status updates, and risk registers to ensure transparency and accountability in managing project risks.

Integration with Overall Project Management: The PM for a risk management project integrates risk management activities seamlessly with overall project management processes. They align risk management strategies with project objectives, scope, schedule, budget, quality standards, and stakeholder expectations.

In summary, a risk management project requires a PM with the knowledge, skills, and experience to navigate the complexities of identifying, analyzing, and managing risks effectively. While general project management skills are essential, the addition of risk management expertise is critical to ensure successful outcomes and mitigate potential threats to project success.