Problem Statement
How do you assess and manage risks? / Tell me about evaluating risks in decisions.
Explanation
I assess risks by identifying potential problems that could occur, evaluating their likelihood and impact, and developing mitigation strategies or backup plans for significant risks. I believe in taking calculated risks where the potential benefits outweigh the downsides, but I always have contingency plans ready if things do not go as expected. I document risks and communicate them transparently to stakeholders so everyone is aware and aligned on how we will handle issues if they arise.
Practice Sets
This question appears in the following practice sets:
