The primary purpose of a risk management plan in IT is to identify, assess, and prioritize risks to an organization’s information assets. This plan outlines strategies to mitigate those risks, including prevention, detection, and response measures. By systematically analyzing potential threats, organizations can implement controls that reduce vulnerabilities to data breaches or other security incidents. A solid risk management plan fosters a secure IT environment, ensuring compliance with regulations and protecting valuable organizational resources from potential threats and losses.