Risk management is a crucial part of project management and an important topic on the Project Management Professional (PMP) exam. It involves identifying, assessing, and prioritizing potential risks that could impact a project and developing strategies to otherwise mitigate, avoid, accept, transfer, or manage those risks. A well-planned and executed risk management process can ensure that a project stays on track and meets its objectives, while minimizing the impact of potential threats and maximizing the chances of success.

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