What does the following figures represent? Explain if there is any thing missing? Figure No. 1: Risk events and their relationships are defined Identify Risks 1. Rick Identification Probabilities and conquences of risk events are assessed Probability Consequences may Commence include cost, schedule 2. Risk technical performance Impact impacts, as well as Assessment capability functionality impact Watch-listed Assess Rick Criticality Tracking Decision-analytic rules applied to rank-order 3. Risk identified risk events Prioritisation Analysis critical Reness existing risk events and identify 4. Risk Mitigation Planning Implementation Monitoring Risk events and as medium or high criticality might go into risk mitigation planning and implementation, low critical risks might be tracked/monitored on a watch-list Figure No. 2: Establish the context Identify the risks Communicate and consult Analyse the risks Risk assessment Monitor and review Evaluate the risks Treat the risks Figure No. 3: Requirements. Functions & System Elements , 2. Risk Identification Aicipation, recognition & prentiation of potential derse outcomes and the sociated met Program Management Systeme Layering Risk Asses Claraderation of the mgutade, likelihood or seriority of risks if Modification of hom Plan 4. Risk Anak Evaluation of cos ad benefits associated with slable riktigt option feeded L Planning Em of the management prop and as of responsibilities Risk Handling Program intervention to reduce or climate nisks, justified and taking to are success