A risk ___________ plan outlines how risks will be managed throughout the project lifecycle.
- Mitigation
- Contingency
- Response
- Management
A risk management plan defines how risks will be identified, assessed, and controlled throughout the project lifecycle. It outlines strategies for managing risks, including mitigation plans to reduce their impact and response plans to address them if they occur.
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Related Quiz
- Effective resource allocation requires careful consideration of project ____________.
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