A risk management plan outlines _________ for managing risks throughout the project lifecycle.
- Contingency Plans
- Project Budget
- Risk Identification
- Risk Responses
Risk Responses: A risk management plan outlines risk responses for managing risks throughout the project lifecycle. It defines how risks will be identified, assessed, and responded to during the execution of the project. The plan includes strategies for mitigating, avoiding, transferring, or accepting risks, as well as contingency plans to address unexpected events.
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