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1. Provide a brief description of the activity for which the risk management process will be applied. Be clear and concise, indicating the exact aim of the activity

2. Identify the objectives of the activity (the risk identification exercise in Part 2 should relate directly to the impact on these objectives).

3. Determine the scope of the risk management process, including:

a. Parameters and boundaries of the risk assessment

b. Risk categories (at least three)

c. Criteria for assessing whether risks are acceptable or require treatment

Identify the internal and external stakeholders who may be impacted by the activity for which the risk management process is being conducted

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91610905

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