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What Is a Risk Management Plan?
Risk management is the practice of identifying and analyzing loss exposures and taking steps to minimize the financial impact of the risks they pose.
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The authors thank the many individuals who participated in this study--experts, stakeholders, and state personnel as well as the staff and residents of the assisted living facilities we visited. It includes a matrix for viewing probability and impact as well as sections for describing a risk management approach, budgeting, scheduling and reporting protocols, and more. Project risk management is part science and part art, this template is a great tool to get you started in managing your project's risks.
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