Certified Governance Risk and Compliance (CGRC) Practice Exam 2025 – All-in-One Guide to Master Your Certification!

The risk management plan is specifically designed to outline the strategies and methods that an organization will use to identify, assess, and mitigate risks throughout a project or organizational processes. It serves as a comprehensive guide for risk management activities, detailing the frameworks, roles, responsibilities, and procedures to effectively manage risks. This document is essential for ensuring that all stakeholders are aligned on how risks will be handled, providing a clear roadmap for addressing potential issues before they materialize.

The risk register, while important in risk management, primarily serves as a tool to document the identified risks, their assessments, and the current status of mitigation efforts, rather than outlining the overarching strategies for risk reduction. The issue log is focused on tracking and managing issues as they arise, not on preemptively managing risks. Similarly, the project charter establishes the objectives, scope, and stakeholders of a project, but does not delve into the specific strategies for risk mitigation. Therefore, the risk management plan stands out as the document that directly addresses the strategies and methods used to manage risk effectively.