What approach should be taken if a risk occurs that has not been addressed beforehand?

In situations where an unforeseen risk occurs, developing a workaround at that time is a practical and agile response. This approach allows the team to address the issue promptly and adapt to the situation as it unfolds. Developing a workaround involves finding a temporary solution or alternative process that enables the project or task to continue despite the risk event. It prioritizes immediate action, which is essential for minimizing potential disruptions and impacts on the project.

While developing a risk mitigation plan can be beneficial for future risks, it may not provide a timely solution when a risk has already materialized. Accepting the risk from the start doesn’t actively address the situation at hand and could lead to larger problems if the risk poses a significant threat. Implementing immediate changes without a planned workaround can be haphazard and may introduce further complications. Therefore, focusing on developing a workaround allows for flexibility and resourcefulness in dealing with the issue directly.