10. Risk Management Process (Based on ISO 31000) Establish context COMMUNICATION AND CONSULTATION MONITORING AND REVIEW RISK ASSESSMENT Risk Identification Risk Analysis Risk Evaluation Risk Identification
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12. A risk culture is created and encouraged throughout the organisation.
13. Risk management is continuous, systematic process integrated into corporate culture.
14. Risk is identified, quantified, aggregated and studied for interrelationships.
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16. The establishment of a robust yet scalable process for risk identification and assessment.
17. The evaluation of risk on a portfolio basis, with a keen understanding of the natural hedges that might exist among risks.