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The purpose of a risk management manual is to systematically identify, assess, and mitigate potential risks within an organization or project. It provides guidelines and procedures for managing uncertainties, ensuring proactive measures are in place to minimize negative impacts and maximize opportunities. By following the manual, businesses can enhance decision-making, safeguard assets, and improve overall resilience.

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neststay home

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2mo ago
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Wiki User

14y ago

Purpose of risk management is

1- to reduce the cost or

2- to reduce the time or

3- Both of them

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Q: What is the purpose of a risk management manual?
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