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Risk Management is the systematic process of identifying, assessing, and prioritizing risks in order to minimize their impact on an organization's objectives. It involves the implementation of strategies and tactics to mitigate potential negative outcomes, as well as the monitoring and review of these measures to ensure continued effectiveness. The discipline encompasses various aspects of business operations, including strategic planning and operational planning, with the goal of ensuring that risks are identified early on and managed proactively. Ultimately, effective risk management helps organizations achieve their objectives by minimizing disruptions, protecting assets, and enhancing overall resilience.