Discuss the concept of risk.• Discuss the evolution of risk management.• Distinguish between risk and uncertainty.• Distinguish between elemental and global risks.• Describe sources of risk.THE EVOLUTION OF RISK MANAGEMENT AND THE RISKMANAGEMENT PROCESS• Discuss the concept of risk.• Describe the evolution of risk management.• Understand the major processes of risk management.- Identify.- Analysis.- Response.• Discuss how and why risk management is used.• Understand the benefit of risk management.• Understand risk management in projects.• Describe inputs and outputs of a risk management process.• Describe the tools and techniques used at each stage of the riskmanagement cycle.RISK MANAGEMENTINTRODUCTION TO RISK MANAGEMENT