The University of SydneyPage 26AS/NZS ISO 31000-2018 –Risk Management ProcessRisk Management Context:–Defining the organisation, process, project or activity and establishing its goals and objectives–specifying the nature of the decisions that have to be made–defining the extent of the project activity or function in terms of time and location–defining the depth and breadth of the risk management–activities to be carried out, including specific inclusions and exclusions–roles and responsibilities of various parts of the organisation involved in the risk management process–relationships between the project or activity and other projects or parts of the organisationEstablish Contextl Internal contextl External contextl Risk management contextl Develop risk criterial Define structure