RMP

The Risk Management Plan (RMP) outlines the processes for identifying, assessing, and mitigating risks throughout a project. It is essential for ensuring that potential issues are addressed proactively.

Process Steps

• Risk Identification: Recognizing potential risks.
• Risk Analysis: Evaluating the likelihood and impact of risks.
• Risk Mitigation: Developing strategies to minimize risks.

Implementing an RMP is vital for project success and stakeholder confidence.