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Project Risk
Any uncertain event or condition that, if it occurs, may have a positive or negative effect on a project's objectives.
Eliminating Risk
The process of removing potential threats or uncertainties that could negatively impact a project's objectives or outcomes.
Assessing Risk
The process of identifying and evaluating potential risks and their impact on a project, organizational objective, or activity.
Risk Mitigation
Strategies and methods implemented to reduce the severity, impact, or likelihood of potential risks to a project or organization.
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