Risk management plan

A Risk Management Plan is a document that outlines how risk will be identified, assessed, and managed throughout a project's lifecycle or within an organization's operations. It is an integral part of project management and organizational strategies, aimed at minimizing potential risks that could impact the achievement of objectives. Here are the key components typically included in a Risk Management Plan: 1. **Introduction and Purpose**: This section provides an overview of the plan, its purpose, and the scope of the risk management activities.