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Risk Management
The process of identifying, assessing, and prioritizing risks followed by coordinated efforts to minimize, monitor, and control the impact of unfortunate events.
Risk Sharing
The practice of distributing potential financial losses among multiple stakeholders or partners.
Project Risk
Potential events or circumstances that could have negative effects on a project's objectives, timelines, or outcomes.
Project Objective
A specific goal or target that a project intends to achieve, which guides the planning and execution phases.
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