Risk is a context in which we all live. It is a reality. Things we don’t want to have happen could happen, and sometimes do. We have to plan around these things and work to avoid them. Much of project work and management is to avoid risks from occurring in fact.
Escalating risks to management is frequently required. The managers need to be prepared for the things that could possibly occur (the impacts). People don’t like surprises and by sharing what could happen if risks do happen, you are doing well to cover your butt and prepare people. (I told you so!!)
As the PM, you need to guide change and make things happen. You are working your butt off to make the good stuff happen and prevent the bad stuff. But some risks may be occur and by engaging a steering committee to help you avoid risks or prepare for them if they do occur, you’re doing well.
It’s impossible to do everything as the PM and by including others—and not necessarily asking for help—but telling them that help *could* be needed, you’re doing the best you can. At least they were informed and prepared for possible realities. I told you so!!!
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