This study aimed to determine the innovative management and risk management practices in augmenting the organizational performance in public elementary schools. This specifically aimed to answer the innovative management in school as to communication, teamwork and professional development. Also, the perception of the respondents to risk management practices as observed in school as to strategic, flexibility, adaptability and how is the organizational performance be described as to learning outcome, teachers? performance, and school performance. This study utilized a descriptive correlational study to examine the relationship of innovative management and risk management practice in organizational performance, it involved 139 teachers in cluster I and II in the district of Calauan. Since there is a significant relationship between innovative management, risk management and organizational performance of school then the null hypothesis is not sustained. It is proposed that the principal of the school keep promoting open and effective communication to further boost teamwork and cooperation at work to achieve the goal of the organization.