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Risk Management

This tool is the process of continuous and iterative identification and control of project risks and opportunities. Risks can be technical, financial, or programmatic. The goal for the risk management system is to either avoid the risk’s threat by taking preemptive action or to minimize the risks negative impacts on project performance. Project opportunities identified through the project risk management process can be handled in a similar manner with the goal being to exploit or enhance the realization of that opportunity.