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At a minimum, the Risk Management Plan should cover: the process which will be used to identify, analyse, evaluate and treat risks both initially and throughout the life of the project, including estimated costings (where practical) the process for transferring approved risk costings into the project budget the process for transferring risk mitigation strategies into the project Work Breakdown Structure how often the Risk Register will be reviewed, the process for review and who will be involved who will be responsible for which aspects of risk management how Risk Status will be reported and to whom and include as an appendix the initial snapshot of the major risks, current gradings, planned mitigation strategies and costings and who will be responsible for implementing them (these are usually included as an Appendix in the Risk Register).. DISTRIBUTION: Copy No Version Issue Date Issued To 1 n.n dd mmm yyyy Name, Title, Organisation 2 Electronic Table of Contents 1 Executive Summary 4 2 Introduction 4 3 Risk Assessment 4 3.1 Identification 4 3.2 Analysis and Evaluation 4 4 Risk Mitigation 4 5 Risk Monitoring 4 6 Roles and Responsibilities 4 6.1 Steering Committee 4 6.2 Project Manager 4 6.3 Project Team 4 Appendix A: Project Title Risk Register (as at dd/mm/yy) 4 1 Executive Summary The purpose of this document is to provide a management framework to ensure that levels of risk and uncertainty are properly managed for the remainder of the project.. Appendix A: Project Title Risk Register (as at dd/mm/yy) Rating for Likelihood and Seriousness for each risk L Rated as Low E Rated as Extreme (Used for Seriousness only) M Rated as Medium NA Not Assessed H Rated as High Grade: Combined effect of Likelihood/Seriousness Seriousness Likelihood low medium high EXTREME low N D C A medium D C B A high C B A A Recommended actions for grades of risk Grade Risk mitigation actions A Mitigation actions, to reduce the likelihood and seriousness, to be identified and implemente