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Risk Management for a Small BusinessParticipant Suitable of Contents Welcome .................................................................................................................................................................................
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Risk management is the process of identifying, assessing, and prioritizing risks to minimize their impact on a business or project.
Anyone involved in a project or business that has potential risks that need to be managed.
Risk management documents can be filled out by identifying potential risks, assessing their likelihood and impact, and implementing strategies to mitigate them.
The purpose of risk management is to proactively identify and address potential risks to prevent or minimize negative impacts on a project or business.
Information such as risk identification, assessment, prioritization, mitigation strategies, and monitoring plans must be reported on risk management documents.
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