Document background
The Risk Management Plan in Project Proposal is a critical document required for any significant project undertaking in Australia. It demonstrates organizational compliance with Australian risk management standards and regulatory requirements while providing a structured approach to managing project uncertainties. This document is typically required during the project planning phase and must be approved before project execution can commence. It incorporates risk assessment methodologies aligned with AS/NZS ISO 31000:2018, addresses specific Australian legislative requirements including Work Health and Safety Act 2011, and provides a framework for ongoing risk monitoring throughout the project lifecycle. The plan is particularly crucial for projects with significant stakeholder impact, substantial financial investment, or complex delivery requirements.
