rewrite: However, the project carries inherent risks, the risk level before taking actions to reduce its impact or possibility to meet an entity's goals (TN, 3), such as potential equipment damage or data loss, which necessitates meticulous risk management. risk management is the practice of identifying, evaluating, and preventing or mitigating risks to a project that have the potential to impact the desired outcomes. Project managers are typically responsible for overseeing the risk management process throughout the duration of a given project