"Risk is the currency of opportunity in project management; a robust plan turns uncertainties into strategic advantages." > Create a Risk Management Plan: Define methods for identifying, analyzing, and responding to risks. > Develop a Risk Register: List risks, detailing their impact, likelihood, and ownership. > Prioritize Risks: Focus on high-probability, high-impact risks. > Analyze Risks: Use qualitative (risk matrix) and quantitative (data-driven) techniques. > Apply Response Strategies: Avoid, mitigate, transfer, or accept risks as needed. > Monitor and Update: Continuously review and update the risk register and strategies.

Based on my experienced, how I handle project multiple risks, first is to identify the risks by brainstorming, interview key players & analyze the data gathered. Then document each risks including the nature, its potential impact to the company & individuals. Use the assessment risk matrix to evaluate each risks based on the probability and impact. Focus on the high impact & high probability risks coz they are the most vulnerable threat, then address low probability low impact risk later & monitor them. Make sure to communicate the risks & mitigation plans to key players & implement a risks tracking system to monitor/ re-assess risks throughout the project cycle.Lastly, in every project conduct regular risks reviews to reassess priorities.

Prioritisation technique: 01. Creating a risk matrix 02. Calculate risk score by weighted scoring method 03. Scenario analysis 04. Predictive modelling 05. Sensitivity analysis 06. Training project team for fostering proactive risk management culture 07. Develop and use adaptable risk management framework 08. Regular monitoring and review 09. Proper documentation 10. Post project review