Question: Explain the risk management process[1]. You may answer using a labelled diagram [2] or in words (or both) and must include: a definition of risk

  1. Explain the risk management process[1]. You may answer using a labelled diagram [2] or in words (or both) and must include:
  • a definition of risk management.
  • a list or illustration/drawing of the steps in a risk management process.
  • a description of what each step involves (including methods).

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