Risk Management Plan

1. Risk Management Plan is ....

(Source: Business Continuity Management Institute - BCM Institute)

2. Scheme within the risk management framework (2.3) specifying the approach, the management components and resources to be applied to the management of risk (2.1).

Notes (1) : Management components typically include procedures, practices, assignment of responsibilities, sequence and timing of activities.

Notes (2) : The risk management plan can be applied to a particular product, process and project, and part or whole of the organization.

[ISO Guide 73:2009, definition 2.1.3]

(Source: ISO 31000:2009 – Risk Management — Principles and Guidelines) - clause 2.6