In agile project management, risks are identified and managed continuously throughout the project. Agile teams prioritize risks according to severity and address them as they arise during each iteration. This approach ensures that risks are handled in a timely and efficient manner, aligning with the iterative nature of agile methodologies. The team acknowledges the risks and incorporates risk management activities into their iteration planning and execution, allowing for proactive responses to potential issues1.
References: = Agile Risk Management - Brainbok1.