The University of SydneyPage 27AS/NZS ISO 31000-2018 –Risk Management ProcessDevelop Risk Criteria:–criteria against which risk is to be evaluated--operational, technical, financial, legal, social, environmental, humanitarian–reflect the context defined–criteria may be affected by the perceptions of stakeholders and by legal or regulatory requirements–risk criteria should be selected/adjusted to match risks and analysis techniques used –risk criteria defines:--the kinds of consequences that will be considered;--how likelihood will be defined--thresholds of risk levelsEstablish Contextl Internal contextl External contextl Risk management contextl Develop risk criterial Define structure