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Your glossary for risk and compliance

Helpful definitions of all of the terms you need to know to better manage risk and compliance.

ISO 31000

Risk management plan

An organization’s risk management plan describes how it intends to manage risk. It describes the management components, the approach, and the resources that are used to manage risk. Typical management components include procedures, practices, responsibilities, and activities (including their sequence and timing). Risk management plans can be applied to products, processes, and projects, or to an entire organization or to any part of it.
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