What is the risk management process aimed at?

The risk management process is primarily aimed at developing strategies for addressing potential risks. This involves identifying risks that could affect a project's objectives and determining appropriate responses to those risks. Effective risk management means assessing the likelihood and impact of these risks and then crafting strategies to mitigate, transfer, accept, or avoid them as necessary. By doing so, project managers can enhance the likelihood of achieving project goals and can safeguard resources against unforeseen challenges.

This proactive approach allows project teams to prepare for uncertainties rather than react to them after they occur, thereby enhancing overall project success. It covers a wide range of risks, which can be both positive (opportunities) and negative (threats), reconciled through well-planned strategies that align with project objectives.