Project Risk Management Plan

A Project Risk Management Plan is a document that outlines how potential problems, or risks, that could affect a project will be identified, evaluated, and addressed. It helps project teams proactively prepare for uncertainties, minimizing their impact on the project's success. The plan includes steps for spotting risks early, analyzing their chances and potential effects, and deciding on actions to prevent or reduce them. Overall, it ensures the project stays on track by managing risks systematically and effectively.