Effectively manage project risks by adopting a process that systematically deals with the overall problem of uncertain events and conditions.
As stated previously, risk management is not a one-time-only effort. New risks may present themselves as projects progress. For this reason, project risk teams must constantly be on the lookout for potential risks. New risks that surface at various points in the project must then be subjected to the same risk management process. Risk control takes place when project managers remain aware of possible imminent threats and take adequate measures to implement responses in time. Inserting decision points in the project schedule will prevent project managers from getting caught off guard.