06 Jul Risk Management PlanFor the first part of the assigned project,

Risk Management PlanFor the first part of the assigned project, you must create an initial draft of the final risk management plan. To do so, you must: Develop and provide an introduction to the plan by explaining its purpose and importance. Create an outline for the completed risk management plan. Define the scope and boundaries of the plan. Research and summarize compliance laws and regulations that pertain to the organization. Identify the key roles and responsibilities of individuals and departments within the organization as they pertain to risk management. Develop a proposed schedule for the risk management planning process. Create a professional report detailing the information above as an initial draft of the risk management plan.Write an initial draft of the risk management plan as detailed in the instructions above.Submission Requirements Format: Microsoft Word or compatible Font: Times New Roman, 12-point, double-space Citation Style: APA A minimum of 3 Academic ReferencesEvaluation Criteria and Rubrics Did the student demonstrate an understanding of the competencies covered in the course thus far? Did the student include all important components of a risk management plan in the outline? Did the student demonstrate good research, reasoning, and decision-making skills in identifying key components and compliance laws and regulations? Did the student create a professional, well-developed draft with proper grammar, spelling, and punctuation?