The University of SydneyPage 36AS/NZS ISO 31000-2018 –Risk Management Process–review of existing guides for treating that particular type of risk–risk treatment options--Avoiding the risk--Changing the likelihood of the risk--Changing the consequences--Sharing the risk/consequences-sub-contracting, insurance–assessment of options--Cost-benefit analysis--Risk financing (Insurance)--Legal and social responsibilities--Values and perceptions of stakeholders--Risk treatment may itself introduce new risksTreat Risksl Identify optionsl Assess optionsl Prepare & implement treatment plansl Analyse & evaluate residual risk