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RISK MANAGEMENT & SAFETY Schofield 228C | 105 Garfield Avenue | PO Box 4004 Eau Claire, WI 547024004 | 7158364414 Prepared by: Chaining For Revision Date: 02/04/2021 Approved by: Brian K. Dillinger
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Identify potential risks: brainstorm to identify all possible risks that could affect the project or organization.
02
Assess and analyze risks: evaluate the likelihood and impact of each risk to determine its priority.
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Develop a risk management plan: create a detailed plan outlining how risks will be mitigated or managed.
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Implement risk management strategies: put the plan into action by addressing and monitoring risks as they arise.
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Review and revise the plan: regularly review and update the risk management plan to ensure it remains effective.

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Risk management is the process of identifying, assessing, and controlling risks that could potentially impact an organization's objectives.
Organizations in various industries, such as finance, healthcare, and construction, are required to implement risk management practices.
Risk management can be filled out by conducting risk assessments, creating mitigation plans, and regularly reviewing and updating risk management strategies.
The purpose of risk management is to proactively identify and mitigate potential risks to minimize negative impacts on an organization's operations and objectives.
Information such as identified risks, their potential impact, mitigation strategies, and risk monitoring processes must be reported in risk management documentation.
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