TASK 2: EVAUATE A RISK MANAGEMENT FRAMEWORK Task 2.1 - Evaluate the current Risk Management Framework used in your organisation. Write a report that highlights strengths and aspects that could be improved. The report must include information pertaining to the following aspects of the framework: a. Risk Management Policy - does a policy exist and if so, does it clearly communicate the intent for managing risk and boundaries of acceptable risk to the organisation. b. Risk Management process - does the process provide sufficient instructional guidance to enable a systematic approach is applied to identify, analyse, evaluate, and treat risks. c. Roles and related responsibilities - are responsibilities assigned to appropriate roles to ensure risks are effectively managed. d. Monitoring protocols - what technology, systems or protocols are used to ensure known risks are effectively controlled and new/emerging risks are identified and managed. e. Reporting protocols - what methods, and technology if applicable, are used to ensure the relevant stakeholders are provided with relevant information pertaining to individual risks or overall risk position; and f. Evaluation methods - what methods are used to identify trends and determine opportunities for improvement that will enhance oversight and performance