Risk Management Plan Template for Project Managers

Risk Management Plan Template for Project Managers

This Risk Management Plan helps you to identify risks and implement a plan to reduce them.

It helps you do this by giving you a complete risk management plan and showing you how to take action to reduce risk in your project.

Using this risk plan, you can monitor and control risks effectively, increasing your chances of success.

Buy and Download the Risk Management Plan Template

Buy and download this template to jumpstart your project immediately. By purchasing now, you also receive the “Project Management Guidebook” at no extra cost!

★ The Risk Management Plan Template is exclusively available for purchase as part of the Project Planning Phase Template Kit. Alternatively, explore our comprehensive collection of Project Management Templates (50+ kit) designed for Project Managers.

Key Benefits of Using This Risk Management Plan Template

  • Identify risks within your project
  • Categorize and prioritize each risk
  • Determine the likelihood of the risks occurring
  • Identify the impact on the project if risk does occur

Included in this Risk Management Plan Template

  • Identify preventative actions to prevent the risk from occurring
  • List contingent actions to reduce the impact, should the risk occur
  • Schedule these actions within an acceptable timeframe
  • Monitor the status of each risk throughout the project

Creating a Risk Management Plan is a critical step in any project, as it helps reduce the likelihood of risk. Regardless of the type of risk, you can use this template to put in place processes and procedures for lowering the likelihood of the risk occurring, helping you deliver your project successfully.

Sneak Peek of our Risk Management Plan Template

What is a Risk Management Plan?

A risk plan helps you foresee risks, identify actions to prevent them from occurring and reduce their impact should they occur. The Risk Management Plan is created as part of the Risk Planning process. It lists all foreseeable risks, their ranking, priority, preventative and contingent actions, and a method for tracking them. This Risk Plan template will help you perform these steps quickly and easily.

When do I use a Risk Management Plan?

A Risk Plan should be used anytime risks must be carefully managed. For instance, during the start-up of a project, a Risk Plan is created to identify and manage the risk involved with the project delivery. The Risk Plan is referred to frequently throughout the project to ensure that all risks are mitigated as quickly as possible. The Risk Plan template helps you identify and manage your risks, boosting your chances of success.

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