In an agile project, risks are managed in a continuous and iterative manner, which involves constantly evaluating risks and adapting the project backlog and priorities accordingly. This approach is aligned with the agile principle of responding to change over following a plan, as it allows for flexibility and quick adjustments based on the evolving nature of the project and its associated risks.
: = Agile methodologies emphasize the importance of continuous risk evaluation and adaptation. The PMBOK Guide also supports this approach by recognizing the need for iterative planning and response to risks. Agile practices such as daily stand-ups, sprint reviews, and retrospectives are designed to identify and assess risks regularly, ensuring that the project can adapt to changes quickly and efficiently12.