A risk management plan summarizes how risk management will be performed on a particular project.

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A risk management plan serves as a guide on how risk management will be conducted during a project, including risk identification, assessment, response planning, monitoring, and control. It outlines roles and responsibilities, risk tolerances, communication strategies, contingency plans, and other vital details to minimize and mitigate risks that could impact project success.

A Risk Management Plan Summarizes How Risk Management Will Be