RAP

A Risk Assessment Plan is a document that identifies potential risks to program or contract success, analyzes their likelihood and impact, and defines strategies for risk mitigation, monitoring, and response. RAPs are often required deliverables on complex contracts and demonstrate the contractor's proactive approach to managing uncertainty.

Effective RAPs include risk identification methodologies, risk categorization schemes, probability and impact assessments, mitigation strategies, and triggers for risk response activation. Regular risk assessment updates track how risks evolve throughout contract performance. Strong risk management practices documented in RAPs support successful program execution and positive past performance evaluations.