Projects are unique and risky, so it's important to manage risks from the beginning. Organizations create a risk management plan before starting a project. This plan outlines how risks will be assessed and managed. The project management plan should include a summary of the risk management plan, defining which risks will be looked at and how they will be managed. Risk management involves being aware of risks, identifying them, assessing them, evaluating them, and managing them. To keep track of risks, a risk register is created listing all risks and how they will be managed.