summarize these paragraphs:

I rather enjoyed this week's content more than the previous week's. I enjoyed this week because the modules were more relatable to real life, such as the Wedding Scenario. At some points in our lives we will attend a wedding, but not much detailed thought goes into planning a wedding.

1. Risk Management as it relates to business isthe forecasting and evaluation of financial risks together with the identification of procedures to avoid or minimize their impact. In PM, a risk is an uncertain event, activity or situation that can have a negative or positive effect on the ability to achieve project's objectives.
2. The three components of risk are future events, probability, or likelihood that an event will occur, and the impact of the event if it does occur.
3. There are multiple techniques used for Risk Management such as the Delphi Technique. The Delphi Technique is an organized methodology for continuously identifying and measuring the unknowns; developing mitigation options; selecting, planning, and implementing appropriate risk mitigations; and tracking the implementation to ensure successful risk reduction.
4. The importance of a burndown chart. Burn down charts are used to monitor progress; shows work still to complete (the Backlog) versus total time.
5. In Scrum, projects are broken down into time blocks. A sprint a short development phase within a larger project defined by available time ('timeboxes') and resources.

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