The start of a new project is an exciting time full of opportunities for your company. But depending on the industry or nature of the job, it can also come with potential risks. The best way to mitigate these risks is to plan for them.
Putting together a risk management plan can help your organization identify and assess potential risks and outline your action plan if any occur. After reading this blog, you’ll understand the purpose of a risk management plan, how to write one, and how your Duty of Care policy and risk management go hand-in-hand.
What Is The Purpose of a Risk Management Plan?
The project management team creates risk management plans to prepare for events that could jeopardize the project. They allow the team to identify every potential threat to the project and develop a response plan if they occur.
What Is The Importance of a Risk Management Plan for Crew Travel?
Not all risks will derail your project, especially if your team is proactive and plans for them. That said, the unpredictability of some events can make them hard to plan for, but your risk management plan can help.
Just as your project planning documents, like the scope and timelines, help outline your goals, your risk management plan creates a map for your team to navigate roadblocks if and when they occur.
A risk management plan is vital because it helps keep all team members informed. In the event that risks X, Y, or Z occur, all project members have a formal document to refer to. Using the plan, they can determine who is expected to take action and how to proceed.
Aside from keeping all team members on the same page, having a plan lets your work crews know you have their best interests in mind. This is especially important in jobs that require frequent travel or time away from home.
Spending weeks — sometimes months — on the road or in a hotel can take a toll on the well-being of crew members. The travel manager is responsible for managing crew travelers safety, health, and welfare.
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