"A no-risk project" There is no such thing. do you agree?

Yes, every project has its own risks. Risks of market fluctuations, slowing economy, competition, market monopoly by few large companies, legal risks, natural disasters, political disturbances etc 

Many of them of highly unpredictable and this is where risk management comes in to picture

Project of doing nothing is Risk Free, 

In the real world risks come in two flavours, Negative and Positive, they have to be tracked, valued, dealt with and respected.

i belive so! There is no such thing as "NO-RISK PROJECT". Every project has its own risk, whether big or small; it only differ in intensity. There will be two paths every project go, To Success or To failure. The bigger the project, the riskier it becomes. So Every project has its own risk, it only depends on the team and the leader on how they work for it to make a project successful and far from the risk of failure.

Of course yes, but in some projects may have a risks can be neglected

For me: project means change, and change means risk, whether due to making the change or due to accepting the change BUT, we have to be carefull on defining what is risk, as - for sake of discussions - if we have two identical projects running on identical enviornemt does that idicate the two projects will have the same risks listed, I believe identifying risks in projects has a lot to do with the project manager's and team's confidence.

I agree. You may control internal parameter to ensure a project's success but you can't control all external pramaeters.

There is always some amount of risk attached to a project - it is just the impact that varies.

Yes, and no life without risk

YES! Every opportunity is risky.

Agreed. There cann't be a "NO RISK" project.

If it has been concluded that the project is not risky then there are definite lapses in planning the project.

yes of course

risk can not be eleminate entirely from business but can be deversify or minmize.