Develop a risk management process for each scenario which could be, ultimately, used for future assessment of business risks as these may arise. The following aspects need to be included:

Using a four stage hierarchical process, discuss how you would conduct today's risk assessment and prioritise the management and minimisation of all these risks.

Include at least 2 different techniques for assessing the above risks and document the processes you used for each risk scenario.

Determine the risk level for each risk.

Detail the contingency plans you would develop and who you would call upon to assist you to deal with all these issues in an effective and timely manner.

Which legal aspects need to be considered or addressed?

Which insurance options are there if any?

Structure:

1. Use or construct a risk management document to analyse the risks

2. Identify the stakeholders which would be involved for each scenario

3.Establish criteria for ranking the risks in order of importance

4. Determine which risks must be treated immediately and which low-level risks can be monitored

5. Assess the capabilities of the business for handling the risks

6. Determine how to implement risk control measures for the identified risks

7. Document the processes including provisions for communication and consultation