Assignment task: Provide answers to all of the questions below:
1. Explain the risk management process. You may answer using a labeled diagram or in words (or both) and must include:
- a definition of risk management.
- a list or illustration of the steps in a risk management process.
- a description of what each step involves.
2. Describe a current risk management standard. In your answer:
- name the standard.
- explain the purpose of the standard.
- list key elements of the standard.