Source: wikibot/identifying-and-managing-project-risk

= Identifying and Managing Project Risk
{wiki=Identifying_and_Managing_Project_Risk}

Identifying and Managing Project Risk refers to the systematic process of recognizing potential risks that could negatively impact a project and developing strategies to mitigate those risks. This is a critical component of project management that helps ensure that projects are completed on time, within budget, and to the desired quality standards. Here's a breakdown of the key elements involved in this process: \#\#\# 1.