The risk management group develops a risk management plan that includes proposed methodologies for managing risk, the group$$s budget,$,$ criteria for dealing with$,$ and required reports. Further, necessary inputs to the risk data base are described and various roles and$$ for group members are spelled out. It must be emphasized that the process of managing risk is not a$$ process. Rather, it is ongoing, with constant updating as more risks are identified, as some risks vanish, as others are$$in other words as reality replaces conjecture$$and new conjecture replaces old conjecture