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A volcanic eruption is an immensely powerful and energetic event, and there's just no realistic way to stop something like that through risk management. What risk management can do however, is to provide a plan that helps reduce the consequences of an eruption. RM would tell you to use geologists to predict the likelihood of an eruption, when to move expensive equipment away from the risk area, when to evacuate personnel, and even whether to establish some kind project in the vicinity of the volcano at all.

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