Risk Management module can be used in conjunction with project management module.
Project risk management refers to the pro-active actions we take to identify, analyse and deal with a likely possible problem that could occur in future or during the project tenure.
A project risk unnoticed can derail the project. Projects with high investment should identify risks and execute mitigation plan actions.
It’s good practice to monitor things that might cause issues and have a plan B to deal with them before it goes out of control.