Risk awareness is crucial because it enables informed decision-making, effective risk management, resource allocation, stakeholder
communication, regulatory compliance, and adaptability. By understanding potential risks, individuals and organizations can make better choices,
develop strategies to mitigate risks, allocate resources efficiently, foster transparent communication with stakeholders, comply with regulations, and enhance their ability to adapt to changing circumstances. Ultimately, risk awareness empowers proactive decision-making and minimizes the negative impact of uncertainties and disruptions.