Which aspect of project management focuses on identifying, analyzing, and responding to uncertainties that may affect the project's objectives?
Risk management
Quality management
Scope management
Cost management
Risk management involves processes to identify, analyze, and respond to project uncertainties that could impact objectives. By proactively managing risks, a project manager can minimize potential negative impacts on the project. Scope management defines what is included in the project but doesn't specifically address uncertainties. Quality management ensures the project meets required standards but doesn't focus on uncertainties affecting objectives. Cost management deals with budgeting and controlling costs, not directly with uncertainties.
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