Risk Management vs. Risk Response Planning

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Risk Management vs. Risk Response Planning:

These are distinctly different processes, as explained:

Risk Management Planning: After risks have been identified, organized and placed into categories, the project member and team will then outline the best method to contend with these risks. This is achieved with an effective risk plan where strategies are put in place. The risk management plan logs the inputs and outputs for addressing risks. The plan can be drawn up in a formal or informal document. Working on this plan is known as Risk Management Planning.

Risk Response Planning: After risks have been identified and categorized, risk response planning is…

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