Risks are best handled by developing a risk matrix, which is a plan for identifying and managing potential risks.
Develop and post a risk matrix for any project you have worked on in the past or in your imagination.
In your risk matrix, state the risk, describe it and what might cause it, and note the risk of occurrence (probability) as high, medium, or low.
Describe the impact of the risk(s) occurring and discuss how it could be prevented, mitigated, or recovered from if it happens.