Difference between risk register and risk management plan
A risk register and a risk management plan are two different documents that are commonly used in project management to manage risks.
A risk register is a document that identifies and records all of the potential risks that could impact a project. It typically includes a description of the risk, the likelihood and impact of the risk occurring, and any mitigation or contingency plans that have been developed to address the risk. The risk register is an ongoing document that is regularly updated throughout the project to ensure that all risks are being managed effectively.
On the other hand, a risk management plan is a more comprehensive document that outlines the overall strategy and approach for managing risks throughout a project. It typically includes a description of the risk management process, roles and responsibilities of the project team members involved in managing risks, and the tools and techniques that will be used to identify, assess, prioritize, and mitigate risks. The risk management plan also identifies the criteria for accepting or rejecting risks and outlines the procedures for monitoring and controlling risks throughout the project.
In summary, the risk register is a tool for identifying and documenting individual risks, while the risk management plan provides an overall strategy and approach for managing risks throughout a project. Both documents are important for effective risk management and should be used together to ensure that all risks are identified, assessed, and managed appropriately.
Risk register
Risk management plan
Risk management process
Risk assessment
Risk identification
Risk mitigation
Risk prioritization
Project management
Project risks
Contingency plans
Risk monitoring
Risk control
Project planning
Risk management strategy
Risk management framework
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