The Risk Management Plan aims to allow project partners to see ahead potential risks and plan accordingly to reduce their negative impact. This document outlines procedures for identifying and handling uncommon causes of project deviations that may compromise objectives, i.e. risks. A Risk Assessment Tool has been created to support partners in the analysis and monitoring of potential risks. This deliverable intends to: Provide all project partners a centralised location to identify the key risks in delivering the project and anticipate how each risk will be managed within the project. Create a risk reporting channel where each partner will have the opportunity to identify perceived and/or real risks. Present the mitigation plans for agreed risk to describe how the particular risk will be handled. The Risk Management Plan will be updated and changed according to the evolution of procedures and progress during the lifetime of the project. The key goal of the risk management plan is to decrease the probability and impact of events adverse to the project. In contrast, any event that could have a positive impact should be exploited.
Malta et al. (Thu,) studied this question.
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