Are they the same and if so, why? If not, how do they differ? Risk and uncertainty are inherent parts of any project or endeavor. The silver lining in this is that they provide opportunities for learning, growth, and improvement. Risk management planning, as discussed in the provided source, is a crucial part of project management. It involves identifying, assessing, and prioritizing risks, and then coordinating and applying resources to minimize, monitor, and control the probability or impact of unfortunate events