When you begin the project planning process, one of the first questions you should ask yourself is, "What could go wrong?"

To begin managing risk, it needs to start with a clear and exact concept of what your project has been entrusted to produce.

Don't be afraid to involve more than just your team in identifying and prioritizing risks

Every risk you define should be recorded somewhere using a risk-tracking template that helps you prioritize the level of risk

Then, create a risk management plan to record the project's negative and positive impacts

As well as the activities you will take to address them

So, follow these six actions to turn your disadvantages into advantages

1. Determine the Risk 2. Examine the Risk 3. Risks and issues should be prioritized

4. Assign risk to an owner 5. Respond to the Danger 6. Keep an eye on the risk