Describe the concept of risk as identified in the Australia/New Zealand Standard for Risk Management (AS/NZS ISO 31000:2009).

Describe the concept of risk management and outline the factors that make a risk management system successful and the factors that may inhibit effective risk management.

 describe the seven steps in the risk management process as outlined in AS/NZS ISO 31000:2009.

Answer rating: 100% (QA)

1 In simple terms risk is that the possibility of something bad happening1 Risk involves uncertainty about the effectsimplications of an activity with relation to something that humans value such as h... View the full answer