Elements and Performance Criteria
- Establish risk context
- Review organisational processes, procedures and requirements for undertakingriskmanagement
- Determinescopefor risk management process
- Identify internal and external stakeholders and their issues
- Review political, economic, social, legal, technological and policy context
- Review strengths and weaknesses of existing arrangements
- Document critical success factors, goals or objectives for area included in scope
- Obtain support for risk management activities
- Communicate withrelevant partiesabout the risk management process and invite participation
- Identify risks
- Analyse risks
- Select and implement treatments