What Strategies Can Leaders Use to Manage Project Risks?
Managing project risks involves identifying potential challenges and devising strategies to mitigate them. Leaders can use risk management techniques such as SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) to anticipate issues and develop contingency plans. Regular risk assessments and adaptive planning can help the team stay prepared for unexpected changes. Effective leaders also foster a culture of resilience and flexibility, enabling the team to adapt to evolving circumstances.