Assessing Risks and Prioritizing in Project Management

Assessing risks and prioritizing in project management involves forming a backlog of project tasks, categorizing them, establishing milestones, and mapping out the project. Then, it is important to analyze and assess the risks associated with each task, categorize them into buckets, and prioritize based on the level of risk. For instance, implementing unit tests may carry high risks during production but not necessarily during model development, while data cleaning and having the right labels may be more crucial during the model development phase. Prioritization is based on understanding the level of risk associated with each task.