Document background
The Initial Project Risk Assessment is a critical document required at the beginning of any significant project undertaking in the United States. It serves as a systematic evaluation of potential risks that could impact project success, compliance, and deliverables. This assessment follows U.S. federal and state regulatory frameworks, including industry-specific requirements, and typically precedes project execution. The document is essential for establishing risk baselines, developing mitigation strategies, and ensuring proper risk management protocols are in place before project commencement. It should be regularly reviewed and updated throughout the project lifecycle.
