The primary purpose of risk management in technology projects is to identify, assess, and mitigate potential risks that may negatively impact the success of the project. By analyzing risks, teams can develop strategies to minimize the likelihood of adverse events occurring and their potential impact. Effective risk management promotes proactive decision-making and problem-solving, ensuring that projects stay on schedule and within budget. It also fosters a culture of accountability, enabling stakeholders to recognize and address challenges collaboratively, ultimately contributing to the overall success of technology initiatives.