® reviewing the effectiveness of the management system, including validation of mission risk profile. lequipment, personnel and Establish Context “ima and [Organisational Tdentity | Risk Task Objectives |Significance [Stakeholders] Criteria | Analysis lWnat are |Whatis the strategic, |Who hasan |What risk | Whatare the lwe trying to operational and —_interestin the lievelis__| component fachieve | tactical significance of mission _|olerable in | parts of this the mission jeach mmission dimension Tentty Risks: ‘What can happen to impact on ‘What fit does happen? objectives? |Consider effects to mission, Consider nature and impact on risk dimensions (mission, capabilty, safety, i a envronment image, marae) el Tralyse Risks =| —taontty a I5| existing | Consequences | Likelihood ie FE] controis Elyncrmetto |vnatis ne worst Howtieyisk|contine consequence | Islexant creciti outome?|that the [and kethood 4 BItreatments | Most ikely identified | 2 outcome? consequence fs 8 tbe e ie realised IS o Noting Existing Controls = B Evaluate RISKS IS) “compare Rak ever Decision Set Proniies 3] Aaainst crtera Bethe dok level tolerable? |Whichrisks need | Whati he priory for Bis turner treatment [treatment further rik treatment practicabie? (accept rest Risks Tdantfyand | Develop Risk | Risk Decievon —] Implement Evaluate Risk | Treatment Plan Pian “Treatment Options oid, reduce, |Wiltreatment [Who has authoriy for |Ensure a transferor creat or increase residual risk assessment |rmonitr and retain? Beneft [othr risks review versus cost? process isin piace ‘Table 1C-1: The risk management process