Risk handling is the process of identifying, assessing, and managing potential threats or uncertainties that could affect a project, business, or individual. It involves several strategies, including risk mitigation (reducing the likelihood or impact of risks), risk transfer (shifting the risk to a third party, like insurance), risk acceptance (acknowledging and tolerating certain risks), and risk avoidance (eliminating risks by not engaging in a particular activity). Effective risk handling helps organizations make informed decisions, allocate resources wisely, and safeguard against unexpected setbacks, ensuring smoother operations and achieving objectives with greater confidence. It is a crucial aspect of responsible and proactive risk management.