The University of SydneyPage 4AS/NZS ISO 31000-2018 –Risk Management ProcessEstablish Contextl Internal contextl External contextl Risk management contextl Develop risk criterial Define structureIdentify Risksl What can happenl When & wherel How & whyAnalyse Risksl Identify current controlsl Determine consequencesl Determine likelihoodl Determine level of riskEvaluate Risksl Compare against criterial Set prioritiesl Treat / Accept riskTreat Risksl Identify optionsl Assess optionsl Prepare & implement treatment plansl Analyse & evaluate residual riskM o n i t o r a n d R e v i e wC o m m u n i c a t e a n d C o n s u l tRisk Management ProcessAS/NZS 4360
Risk Assessment