A document that defines how project or program risks will be identified, assessed, prioritized, monitored, and managed throughout the contract or project life cycle. A Risk Management Plan (RMP) typically identifies risks affecting cost, schedule, technical performance, security, or mission success; evaluates each risk’s likelihood and potential impact; assigns ownership; and documents mitigation, monitoring, and contingency actions. As a living document, the RMP is updated as new risks emerge or existing risks change, providing a structured approach to reducing uncertainty and supporting informed management decisions.
Risk Management Plan (RMP)
A living document defining how project risks will be identified, assessed, owned, mitigated, and monitored throughout the contract.
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The official compilation of permanent U.S. federal laws, providing the statutory basis for many contracting requirements.
A global classification system used to categorize products and services for procurement and spend analysis.
A unique 12-character identifier assigned via SAM.gov to organizations doing business with the federal government, replacing the DUNS number.
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