{"id":1386,"date":"2019-04-29T06:17:07","date_gmt":"2019-04-29T06:17:07","guid":{"rendered":"https:\/\/assignmenttask.com\/answers\/?p=1386"},"modified":"2020-01-16T20:21:39","modified_gmt":"2020-01-16T20:21:39","slug":"risk-management-plan-template-assessment-2-with-questions-and-answers","status":"publish","type":"post","link":"https:\/\/assignmenttask.com\/answers\/risk-management-plan-template-assessment-2-with-questions-and-answers\/","title":{"rendered":"Risk Management Plan Template Assessment 2 with Questions and Answers"},"content":{"rendered":"

King Edward VII College <\/strong><\/p>\n

Risk Management Plan<\/strong><\/h3>\n

The risk assessment process will be used by the management<\/strong><\/a> team to ensure risk control methods are included in all organisational planning, management of operations and governance.<\/p>\n

Definitions<\/strong><\/h3>\n

The following definitions are based on the Australian and New Zealand Risk Management Standard AS\/NZS 4360:2004.<\/p>\n

Risk<\/strong><\/h3>\n

The chance of something happening which will have an impact upon objectives. It is measured in terms of consequence and likelihood.<\/p>\n

Likelihood<\/strong><\/h3>\n

A qualitative description or synonym for probability or frequency<\/p>\n

Consequence<\/strong><\/h3>\n

The outcome of an event or situation, expressed qualitatively or quantitatively, being a loss, injury, disadvantage or gain. There may be a range of possible outcomes associated with an event.<\/p>\n

Risk assessment<\/strong><\/h3>\n

The overall process of risk analysis and risk evaluation<\/p>\n

Risk treatment\/control methods<\/strong><\/h3>\n

Selection and implementation of appropriate options for dealing with risk conceptually, treatment options will involve one or a combination of the following five strategies:<\/p>\n