Pass the risk to someone else (like buying insurance).
You can't manage what you don't see. The first step is a "risk census." Look at your project from every angle—financial, operational, legal, and even reputational. Fundamentals of risk management understanding, ...
Once you’ve listed your risks, it’s time to play detective. Every risk is measured by two main factors: How likely is this to happen? Pass the risk to someone else (like buying insurance)