Managing risks in IT projects demands both technical expertise and strategic foresight, as modern technology landscapes grow increasingly complex and unpredictable. From scope creep to cybersecurity threats, IT projects are uniquely vulnerable to a wide range of risks. Successful project management hinges on identifying, assessing, and mitigating these risks proactively throughout the project lifecycle. This article explores best practices, such as integrating risk management into project planning, aligning strategies with stakeholder expectations, and leveraging emerging technologies like AI for predictive analytics. With insights drawn from real-world case studies, it highlights the importance of leadership support, continuous monitoring, and a culture of improvement to ensure IT projects deliver sustainable results despite unforeseen challenges.