RMP (Risk Management Plan)

A Risk Management Plan (RMP) is a structured approach used to identify, assess, and address potential problems that could negatively impact a project or organization. It involves spotting possible risks early, evaluating how serious they might be, and developing strategies to prevent or minimize their effects. The goal is to ensure smooth progress by being prepared for uncertainties, reducing surprises, and managing potential issues proactively. An effective RMP helps teams stay on track, make informed decisions, and minimize disruptions, ultimately increasing the likelihood of success.