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    Two-Minute Drill

    Planning for Risk Management

    Risk management planning is determining how the risk management activities within the project will take place. It is not the response or identification of risks, but the determination of how to manage project risks.
    Risk management planning is accomplished through planning meetings with the project team, management, customers, and other key stakeholders.
    A utility function is a person’s willingness to accept risks.
    The output of risk management planning is the risk management plan.



      

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