[en] Open quantum systems are embedded in the continuum of scattering wavefunctions and are naturally described by non-Hermitian Hamilton operators. In the complex energy plane, exceptional points appear at which two (or more) eigenvalues of the Hamilton operator coalesce. Although they are a countable set of single points in the complex energy plane and therefore of measure zero, they determine decisively the dynamics of open quantum systems. A powerful method for the description of open quantum systems is the Feshbach projection operator formalism. It is used in the present paper as a basic tool for the study of exceptional points and of the role they play for the dynamics of open quantum systems. Among others, the topological structure of the exceptional points, the rigidity of the phases of the eigenfunctions in their vicinity, the enhancement of observable values due to the reduced phase rigidity and the appearance of phase transitions are considered. The results are compared with existing experimental data on microwave cavities. In the last section, some questions being still unsolved, are considered