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How do you manage the risk in the project? What are the best practices?

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RAID Log

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Define it clearly Give it a probability score on a scale of 1 to 10 Plan for contingency Propose a fall back solultion Assign an owner who can track it

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Propose realistic timelines based on available staffing; manage scope creep and monitor financials regularly

How do you answer this question in an interview in 2 to 3 minutes?

Identify risk (Risk Log) CApture mitigation plan Periodically reassess risks (Risk update, new risks) Be sure to capture risk probability and impact

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