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Risk Management Plan Paper

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The risk management plan provides management the capability of identifying risks that could be damaging to our company’s growth and continued existence. When developing the risk management plan for our company, we are taking the necessary steps to reduce any negative actions brought against our organization. “Risk management is the concern over potential legal liability” (Epstein, 2013, p.114). Risk management is part of the company’s system which controls the external factors and the internal factors associated with risk. Developing a risk plan can mandate the management to be more proactive on risk management. This paper will discuss the process of developing, implementing, and managing the risk management plan for the company (Epstein,
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