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This lecture presents key concepts related to project riskmanagement. Risk management is the art as well as science and it is a frequently overlooked and underestimated aspect of project management. If it is done, significant improvement can be achieved to meet project objectives. Good risk management often goes unnoticed as it avoids the unlikely events to occur and precautionary measures are taken for the same. | Lecture Software engineering II: Chapter 9 - Dr. Muzafar Khan