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Guidance for Flood Risk Analysis and Mapping Information Platform (MIP)May 2017Requirements for the Federal Emergency Management Agency (FEMA) Risk Mapping, Assessment, and Planning (Risk MAP) Program
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Step 1: Identify the potential risks that may affect your project or organization.
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Step 2: Evaluate the likelihood and impact of each risk to determine its level of significance.
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Step 3: Develop a risk assessment plan that outlines the strategies and methods to mitigate or manage each identified risk.
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Step 4: Implement the risk assessment plan by assigning responsibilities and allocating resources.
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Step 5: Monitor and review the effectiveness of the risk assessment plan, and make necessary adjustments if required.
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Step 6: Communicate the identified risks and the corresponding risk assessment plan to relevant stakeholders.
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Step 7: Regularly update the risk assessment and planning process to adapt to changes in the project or organizational environment.

Who needs assessment and planning risk?

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Any organization or project that wants to proactively identify and manage risks should engage in assessment and planning risk.
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Risk assessment and planning are particularly important in industries with high-risk activities such as construction, healthcare, finance, and information technology.
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Organizations that deal with sensitive data, intellectual property, or have legal and compliance obligations also need to focus on risk assessment and planning.
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Individuals responsible for project management, risk management, or governance within an organization should prioritize assessment and planning risk.
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