When evaluating risks in accordance with the Australian Risk Management Standard AS/NZS ISO 31000, what is the order of steps that it is recommended be undertaken?
A)Identify risks, analyse risks, evaluate risks, treat risks.
B)Identify risks, analyse risks, treat risks, evaluate risks.
C)Identify risks, evaluate risks, treat risks, analyse risks.
D)Identify risks, evaluate risks, analyse risks, treat risks.

Question

Quizplus · Accepted Answer

The correct order according to the Australian Risk Management Standard AS/NZS ISO 31000 is to first identify risks, then analyse these risks to understand their nature and level of impact, next evaluate the risks to prioritize them based on their severity, and finally, treat the risks by implementing measures to mitigate or eliminate them.

When Evaluating Risks in Accordance with the Australian Risk Management