The University of Sydney Page 3216. Which step of risk management process determines the level of risk?A)Risk evaluationB)Threat determinationC)Risk analysisD)Control analysisEstablish 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 AssessmentWeek 7