The University of SydneyPage 7AS/NZS ISO 31000-2018 –Risk Management Process–Used at every step of the risk management process–Changing environment can change risks, context, likelihood and consequences–Facilitates documentation of lessons learnt–Recording of risk management process is a good governance practice–Documentation helps in re-use of methodology and practices–Review process can be done by a third-partyM o n i t o r a n d R e v i e w