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About Risks

Risks are any uncertain events or conditions that, if they occur, have a positive or negative effect on project objectives. Risks are also known as threats, warnings, imperatives, escalation notices, or jeopardies. Positive risks are often classified as opportunities which, if they occur, are realized as rewards. Thorough documentation and analysis of risks over multiple projects offer lessons, and potentially cost and time savings, for all future projects.


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