Summarise the content in the risk management framework and compare it against ISO 31000.

Comment on your comparison. Do you have suggestions for how to improve this Framework?

Risk Management Framework TABLE OF CONTENTS 1. INTRODUCTION ......................................................................................................... 4 2. RISK MANAGEMENT PRINCIPLES... 5 3. RISK MANAGEMENT OBJECTIVES .......................................................................... 5 4. THREE LINES OF DEFENCE MODEL ....................................................................... s 5. ORGANISATIONAL RISK CULTURE 7 6. RISK MANAGEMENT GUIDELINES .......................................................................... s 7. RISK APPETITE..........._................... a s. RISK MANAGEMENT PROCESS ............................................................................ 9 9. PROJECT RELATED RISKS .................................................................................... 22 1o. RISK REPORTING .................................................................................................... 22 11. RISK TRAINING ........................................................................................................ 23 12. ROLES AND RESPONSIBILITIES ............................................................................ 24 13. PERFORMANCE MONITORING ..... 23 14. LIST OF APPENDICES ............................................................................................. 29