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What is Understanding Risk Management Basics about?
This document discusses risk management. It defines risk as an uncertain event or condition that could affect project objectives. There are two types of risk: positive risks, which present opportunities, and negative risks, which should be avoided or mitigated. The risk management process involves identifying risks, analyzing them, and developing responses like mitigating, avoiding, transferring, or retaining risks. The goal is to decrease the likelihood or impact of negative events.
- Author
- timesave240
- Language
- EN