Developing a Risk Management Plan

Creating a plan for managing risks is an important part of managing risks well. It involves finding possible risks, figuring out how likely they are and how bad they could be, making plans for how to deal with them, and putting those plans into action.

The parts of a risk management plan are a risk register, a risk mitigation plan, an emergency plan, a plan for communication, and a plan for tracking and evaluating. It is important to keep the risk management plan up-to-date so that it stays useful and useful.