What should a project leader do if project risks are above acceptable levels?

When project risks are identified as being above acceptable levels, it is essential for a project leader to take proactive measures to manage and reduce those risks. Implementing risk mitigation strategies is a critical step in the project management process and can involve various actions such as developing contingency plans, allocating additional resources, or modifying project plans to minimize potential issues.

By focusing on risk mitigation, the project leader actively engages in ensuring the project's viability and aligning it with organizational goals. This approach not only seeks to minimize negative outcomes but also demonstrates a commitment to responsible project management practices.

Proceeding with the project as planned, canceling the project, or simply informing stakeholders without taking action would fail to address the significant risks present and could lead to detrimental consequences for the project's success. Therefore, developing and implementing a structured plan to mitigate risks is the best course of action for maintaining project integrity and moving forward effectively.