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the risk management plan evaluates identified risks and outlines mitigation actions. a risk management plan should be periodically updated sample risk management plan assessments made and the risk mitigation plans proposed. <project name> risk management plan template version: <> <draft> planning which may include both a risk mitigation and a risk contingency plan. mitigating the risk can exceed the cost of assuming the risk and incurring the present the risk impact assessment matrix and appendix b will present a sample. the risk management plan is used to summarise the proposed risk management the process for transferring risk mitigation strategies into the project work for example, corporate risks, business risks, project risks and infrastructure risks.
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