{"id":5328,"date":"2022-02-18T18:35:17","date_gmt":"2022-02-18T18:35:17","guid":{"rendered":"https:\/\/commerceiets.com\/?p=5328"},"modified":"2022-02-18T18:35:17","modified_gmt":"2022-02-18T18:35:17","slug":"risk-management-plan","status":"publish","type":"post","link":"https:\/\/commerceiets.com\/risk-management-plan\/","title":{"rendered":"RISK MANAGEMENT PLAN"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/commerceiets.com\/risk-management-plan\/#RISK_MANAGEMENT_PLAN\" title=\"RISK MANAGEMENT PLAN\">RISK MANAGEMENT PLAN<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/commerceiets.com\/risk-management-plan\/#MEANING_OF_RISK_MANAGEMENT_PLAN\" title=\"MEANING OF RISK MANAGEMENT PLAN\">MEANING OF RISK MANAGEMENT PLAN<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/commerceiets.com\/risk-management-plan\/#PROCESS_OF_CREATING_FORMULATING_RISK_MANAGEMENT_PLAN\" title=\"PROCESS OF CREATING\/ FORMULATING RISK MANAGEMENT PLAN\">PROCESS OF CREATING\/ FORMULATING RISK MANAGEMENT PLAN<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/commerceiets.com\/risk-management-plan\/#Make_a_List\" title=\"Make a List\">Make a List<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/commerceiets.com\/risk-management-plan\/#Developing_and_Action_Plan\" title=\"Developing and Action Plan\">Developing and Action Plan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/commerceiets.com\/risk-management-plan\/#Human_Resource_Deployment\" title=\"Human Resource Deployment\">Human Resource Deployment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/commerceiets.com\/risk-management-plan\/#Communication\" title=\"Communication\">Communication<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/commerceiets.com\/risk-management-plan\/#BENEFITS_OF_WRITING_RISK_MANAGEMENT_PLAN\" title=\"BENEFITS OF WRITING RISK MANAGEMENT PLAN\">BENEFITS OF WRITING RISK MANAGEMENT PLAN<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/commerceiets.com\/risk-management-plan\/#1_Boosts_Results\" title=\"1. Boosts Results\">1. Boosts Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/commerceiets.com\/risk-management-plan\/#_2_Help_you_be_Proactive_and_Not_Reactive\" title=\"&nbsp;2. Help you be Proactive, and Not Reactive\">&nbsp;2. Help you be Proactive, and Not Reactive<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/commerceiets.com\/risk-management-plan\/#3_Help_you_Evaluate_the_Entire_Project\" title=\"3. Help you Evaluate the Entire Project\">3. Help you Evaluate the Entire Project<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/commerceiets.com\/risk-management-plan\/#EVALUATION_OF_RISK_MANAGEMENT_PLAN\" title=\"EVALUATION OF RISK MANAGEMENT PLAN\">EVALUATION OF RISK MANAGEMENT PLAN<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/commerceiets.com\/risk-management-plan\/#Problem_Analysis\" title=\"Problem Analysis:\u00a0\">Problem Analysis:\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/commerceiets.com\/risk-management-plan\/#Match_the_Outcomes_of_a_Risk_Management_Plans_with_its_Objectives\" title=\"Match the Outcomes of a Risk Management Plans with its Objectives:\u00a0\">Match the Outcomes of a Risk Management Plans with its Objectives:\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/commerceiets.com\/risk-management-plan\/#Evaluate_If_All_the_Activities_in_the_Plan_are_Effective\" title=\"Evaluate If All the Activities in the Plan are Effective:\u00a0\">Evaluate If All the Activities in the Plan are Effective:\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/commerceiets.com\/risk-management-plan\/#Evaluate_the_Business_Environment\" title=\"Evaluate the Business Environment:\u00a0\">Evaluate the Business Environment:\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/commerceiets.com\/risk-management-plan\/#Make_Possible_Changes_in_Faulty_Activities\" title=\"Make Possible Changes in Faulty Activities:\u00a0\">Make Possible Changes in Faulty Activities:\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/commerceiets.com\/risk-management-plan\/#Review_the_Changed_Activities\" title=\"Review the Changed Activities:\u00a0\">Review the Changed Activities:\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/commerceiets.com\/risk-management-plan\/#CONCLUSION\" title=\"CONCLUSION\">CONCLUSION<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1 class=\"wp-block-heading\" id=\"risk-management-plan\"><span class=\"ez-toc-section\" id=\"RISK_MANAGEMENT_PLAN\"><\/span><strong>RISK MANAGEMENT PLAN<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"meaning-of-risk-management-plan\"><span class=\"ez-toc-section\" id=\"MEANING_OF_RISK_MANAGEMENT_PLAN\"><\/span>MEANING OF RISK MANAGEMENT PLAN<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A\u00a0risk management plan also called a \u201crisk mitigation plan\u201d is a well-defined document that tells how to deal with specific risks and what management actions must be taken against those risks in order to mitigate or remove threats to the project tasks and outcomes.<\/p>\n\n\n\n<p>The risk management plan gives teams a sense of measures they need to take in order to identify, analyse and respond to all the risks running around within the project wheel.<\/p>\n\n\n\n<p>This plan is part of a common risk management process that exists during the whole life-cycle of a project. The&nbsp;<strong>risk management process&nbsp;<\/strong>brings together all the driving forces that cause the project management team to take some action for treating risks.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"process-of-creating-formulating-risk-management-plan\"><span class=\"ez-toc-section\" id=\"PROCESS_OF_CREATING_FORMULATING_RISK_MANAGEMENT_PLAN\"><\/span><strong>PROCESS OF CREATING\/ FORMULATING RISK MANAGEMENT PLAN<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"274\" height=\"184\" src=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2022\/02\/images-10.jpeg\" alt=\"RISK MANAGEMENT PLAN\" class=\"wp-image-5330\"\/><figcaption>RISK MANAGEMENT PLAN<\/figcaption><\/figure>\n\n\n\n<p>Any project immaterial of the size of the same carries a lot of risks, which may be financial, non-financial, legal or physical. Having an effective risk management plan is first and foremost to the success of any project. The task is to anticipate these risks well in advance before the project takes off.<\/p>\n\n\n\n<p><strong>A good risk management plan carries number of tools and strategies to mitigate risk. The strategy may be to avoid risk or transfer a component of it another project so that the impact is reduced<\/strong>.<\/p>\n\n\n\n<p>Other risk management strategies may suggest the acceptance of the risk. This is decided after a thorough cost\/benefit analysis. The risk management plan also depends on how the risks are prioritized by the organization. Based on relative priorities risks are given weightage, for example a certain organization may be more concerned about the physical and legal risks, whereas another organization may be focusing on operational or strategic risks. Risk priority defines the strategy and finally the plan.<\/p>\n\n\n\n<p>Besides keeping the risk management cycle in mind; before the final draft,&nbsp;<strong>an effective risk management plan may traverse through following:<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"make-a-list\"><span class=\"ez-toc-section\" id=\"Make_a_List\"><\/span><strong>Make a List<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Before starting or deciding on anything else it is important to make a list of potential risks. Even the minutest details need to be taken care of. Something that appears a minute threat now may transform into a potential risk in the near future. This is especially true for project management. Enlist the categories of the project and then evaluate each for risks. For example there may be a cost category; determine the factors that may increase cost and make a list.<strong> Prioritize the Risks:<\/strong>\u00a0Arrange the risk in order of priority. Those that need to be dealt with first are listed first. Risks are prioritized on the basis of degree of impact and the likelihood of occurrence.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"developing-and-action-plan\"><span class=\"ez-toc-section\" id=\"Developing_and_Action_Plan\"><\/span><strong>Developing and Action Plan<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Plans are designed to minimize the impact of the risk and to check the occurrence. In addition, an action plan in developed against each risk i.e. in event of occurrence how do we respond to the risk, who all will be responsible and what are the contingencies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"human-resource-deployment\"><span class=\"ez-toc-section\" id=\"Human_Resource_Deployment\"><\/span><strong>Human Resource Deployment<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Now people are deputed at specific points with specific roles. They work in tandem with the entire team and are specially deployed to undertake planned actions in case the anticipated risks come true. These actions are to be taken at specific points in time; a timeframe is necessary.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"communication\"><span class=\"ez-toc-section\" id=\"Communication\"><\/span><strong>Communication<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Finally, communication of the plan to stakeholders (both internal and external becomes necessary). Present the plan to those who are supposed to make key interventions and explain the timeframes and the actions and the responsibilities.<\/p>\n\n\n\n<p>The formulation of the plan is in tandem with the risk management cycle which acts as the basic guideline. Both work in sync, in fact the interventions in step of communicating the plan discussed above cannot be without a thorough understanding of the cycle.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"benefits-of-writing-risk-management-plan\"><span class=\"ez-toc-section\" id=\"BENEFITS_OF_WRITING_RISK_MANAGEMENT_PLAN\"><\/span>BENEFITS OF WRITING RISK MANAGEMENT PLAN<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"296\" height=\"171\" src=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2022\/02\/images-12.jpeg\" alt=\"\" class=\"wp-image-5331\"\/><figcaption>RISK MANAGEMENT PLAN<\/figcaption><\/figure>\n\n\n\n<p>Risk management plans provide various benefits that make the document a worthwhile endeavor for every organization. From helping businesses to identify the potential risks they may face to treating them. Being aware of these risks allows companies to make plans and deal with them when they arise. But majorly, a risk management plan:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"1-boosts-results\"><span class=\"ez-toc-section\" id=\"1_Boosts_Results\"><\/span><strong>1. Boosts Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>By defining a risk management plan for your organization, your chances of a successful project are more likely as it minimizes and eliminates negative risks such that projects can be completed on time.<\/p>\n\n\n\n<p>This enables your team to meet the budget and fulfill targeted goals. When you don\u2019t have well-defined risk management strategies in place, your projects become vulnerable and get exposed to problems.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"2-help-you-be-proactive-and-not-reactive\"><span class=\"ez-toc-section\" id=\"_2_Help_you_be_Proactive_and_Not_Reactive\"><\/span>&nbsp;<strong>2. Help you be Proactive, and Not Reactive<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Having a clear risk management plan lets you be proactive and take steps to reduce potential issues before they arise, instead of constantly fire fighting. Your team can take the risk that has been recognized and transfer them to workable steps that will reduce the likelihood of them happening.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"3-help-you-evaluate-the-entire-project\"><span class=\"ez-toc-section\" id=\"3_Help_you_Evaluate_the_Entire_Project\"><\/span><strong>3. Help you Evaluate the Entire Project<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>With the help of a devised risk management plan, you can assess the impact of your tasks by mitigating exposure to risks and exploiting opportunities that capitalize on your organizations\u2019 strengths. In other words, it helps you evaluate your current project\u2019s success and to helps you build best practices for the future.<\/p>\n\n\n\n<p>A risk management plan can never be perfect. However, the degree of its success depends upon risk analysis, management policies, planning and activities. A well-defined management plan can be successful only if risks are properly accessed. And if not, the main objective of risk management plan itself is defeated. Critical evaluation of a risk management plan at every stage is very necessary especially at an early stage. It will allow companies to discover the flaws before it gets into the action. Once you\u2019re through the process, you can address the issues and then introduce it.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"evaluation-of-risk-management-plan\"><span class=\"ez-toc-section\" id=\"EVALUATION_OF_RISK_MANAGEMENT_PLAN\"><\/span>EVALUATION OF RISK MANAGEMENT PLAN<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The below mentioned steps can help in\u00a0<strong>analyzing and evaluating a risk management plan:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"348\" height=\"145\" src=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2022\/02\/images-14.jpeg\" alt=\"RISK MANAGEMENT PLAN\" class=\"wp-image-5332\" srcset=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2022\/02\/images-14.jpeg 348w, https:\/\/commerceiets.com\/wp-content\/uploads\/2022\/02\/images-14-300x125.jpeg 300w\" sizes=\"(max-width: 348px) 100vw, 348px\" \/><figcaption>RISK MANAGEMENT PLAN<\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"problem-analysis\"><span class=\"ez-toc-section\" id=\"Problem_Analysis\"><\/span><strong>Problem Analysis:<\/strong>\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Keep a note of all the events and activities of a risk management plan. Check out the problems arising from their implementation and assess if they have a serious impact on the whole process. Make a note of those that have serious implications.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"match-the-outcomes-of-a-risk-management-plans-with-its-objectives\"><span class=\"ez-toc-section\" id=\"Match_the_Outcomes_of_a_Risk_Management_Plans_with_its_Objectives\"><\/span><strong>Match the Outcomes of a Risk Management Plans with its Objectives:<\/strong>\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Ends justify means. Check if the possible outcomes of a risk management plan are in tandem with its pre-defined objectives. It plays a vital role in analyzing if the plan in action is perfect. If it produces desired results, it does not need to be changed. But if it fails to produce what is required can be a really serious issue. After all, an organization deploys its resources including time, money and human capital and above all, the main aim of the organization is also defeated.<strong> <\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"evaluate-if-all-the-activities-in-the-plan-are-effective\"><span class=\"ez-toc-section\" id=\"Evaluate_If_All_the_Activities_in_the_Plan_are_Effective\"><\/span><strong>Evaluate If All the Activities in the Plan are Effective:<\/strong>\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>It requires a thorough investigation of each activity of a risk management plan. Checking out the efficiency of all the activities and discovering the flaws in their implementation allow you to analyze the whole plan systematically.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"evaluate-the-business-environment\"><span class=\"ez-toc-section\" id=\"Evaluate_the_Business_Environment\"><\/span><strong>Evaluate the Business Environment:<\/strong>\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A thorough study and critical evaluation of business environment where a risk management plan is to be implemented is essential. Take time to assess, analyze and decide what exactly is required.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"make-possible-changes-in-faulty-activities\"><span class=\"ez-toc-section\" id=\"Make_Possible_Changes_in_Faulty_Activities\"><\/span><strong>Make Possible Changes in Faulty Activities:<\/strong>\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>After evaluating the effectiveness and efficiency of all the activities, try to make possible changes in the action plan to get desired results. It may be very time consuming but is necessary for successful implementation of your risk management plan.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"review-the-changed-activities\"><span class=\"ez-toc-section\" id=\"Review_the_Changed_Activities\"><\/span><strong>Review the Changed Activities:<\/strong>\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>After making changes in already existing activities and events of a risk management plan, go for a final review. Try to note down the possible outcomes of the changed activity and match them with the main objectives of the risk management plan. Go ahead in case they are in line with them.<\/p>\n\n\n\n<p>Evaluating a risk management plan sometimes can be very frustrating. It is definitely a time consuming process and also requires more of human efforts. Therefore, it is always better to analyze and evaluate a plan at every stage otherwise it will result in wastage of time, finances and efforts. In order to keep a check on it, specialized teams of risk managers can be appointed. The whole event can be outsourced to a risk management firm. The professionals at the firm can help to design, develop, implement and evaluate a risk management plan for your company.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"conclusion\"><span class=\"ez-toc-section\" id=\"CONCLUSION\"><\/span>CONCLUSION<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Risks are bound to happen in all kinds of projects. But if you have a clearly defined risk management plan to help you navigate the process, you can mitigate error more effectively.<\/p>\n\n\n\n<p>Note that the risk management plan is a living document that needs to be monitored and improved upon as the situation demands.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https:\/\/www.linkedin.com\/in\/kajal-mahajan-7549b2197\/\" target=\"_blank\" rel=\"noreferrer noopener\">CONNECT ON LINKEDIN<\/a><\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>ALSO STUDY<\/strong><\/td><td><strong>ALSO STUDY<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/risk-management-by-commerceiets\/\">Risk management<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/risk-management-process\/\">Risk management process<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"512\" height=\"152\" src=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/04\/cropped-cropped-Presentation-resize-1.jpg\" alt=\"RISK MANAGEMENT PLAN\" class=\"wp-image-4836\" srcset=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/04\/cropped-cropped-Presentation-resize-1.jpg 512w, https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/04\/cropped-cropped-Presentation-resize-1-300x89.jpg 300w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><figcaption>RISK MANAGEMENT PLAN<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>RISK MANAGEMENT PLAN MEANING OF RISK MANAGEMENT PLAN A\u00a0risk management plan also called a \u201crisk mitigation plan\u201d is a well-defined document that tells how to deal with specific risks and what management actions must be taken against those risks in order to mitigate or remove threats to the project tasks and outcomes. The risk management&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/commerceiets.com\/risk-management-plan\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;RISK MANAGEMENT PLAN&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":2,"featured_media":5329,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[237],"tags":[239],"_links":{"self":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/posts\/5328"}],"collection":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/comments?post=5328"}],"version-history":[{"count":0,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/posts\/5328\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/media\/5329"}],"wp:attachment":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/media?parent=5328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/categories?post=5328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/tags?post=5328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}