In the context of agile project management, once risks have been identified, the next step is to incorporate them into the risk register and prioritize them according to their impact. This allows for a structured approach to risk management where the most critical risks are addressed first. Agile methodologies emphasize the importance of an iterative process where risks are continuously reviewed and managed throughout the project lifecycle123. References: * Project Management Academy1 * The Knowledge Academy2 * ProjectEngineer.net3