In Python programming, handling exceptions is crucial to prevent program termination and ensure appropriate responses to errors. Try-except blocks allow developers to catch and manage multiple exceptions, enabling the execution of specific code blocks based on the type of exception encountered. A single except clause can handle various exceptions, or separate clauses can be used for different exceptions if distinct handling is required. Additionally, if-elif-else statements can be employed to further investigate exceptions, particularly when additional error information is needed. In scenarios where exceptions match multiple except clauses, the order of the clauses determines which block is executed. Rollbar is introduced as a tool that facilitates real-time error tracking, analysis, and management, simplifying the process of monitoring and resolving Python errors and making deployment more reliable.