The Risk Mitigation, Monitoring and Management (RMMM) Plan

The Risk Mitigation, Monitoring and Management, RMMM, plan documents all work performed as part of risk analysis and is used by the project manager as part of overall project plan.
The goal of the risk mitigation, monitoring and management plan is to identify as
many potential risks as possible.It is the organization’s responsibility to perform risk mitigation, monitoring, and management in order to produce a quality product.
Every phase of this plan is of equal importance. More focus is maintained in the initial phases i.e. the identification and assessment of possible risks.
Once RMMM has been documented and project has begun, risk mitigation and monitoring steps commence.
Once RMMM has been documented and the project has begun, risk mitigation and monitoring steps commence.
The measurement of effectiveness of these mitigation / contingency plans should be well carried. It must ensure that after the execution of such plans the risk exposure is reduced or preferably eliminated.

- Risk Mitigation covers efforts taken to reduce either the probability or consequences of a threat.
- Risk monitoring and control is the process of identifying, analyzing, and planning for newly discovered risks and managing identified risks.
- Risk management is the identification, assessment, and prioritization of risks.