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2.3 Risk Management Process
As a project manager or team member, the risk management process is important
things to be concern in order to manage risk on a daily basis and let the projects
will run more smoothly.
Identify the potential losses
Measures and analyze the loss exposures
Select the appropriate risk management
techniques for treating the loss exposures
Implement the selected risk management programme
Monitor and review the risk management programme
Figure 2.3 Risk Management Process
2.4 Risk Management Standard
What is a standard?
A standard is a document that provides requirements, specifications, guidelines or
characteristics that can be used consistently to ensure that materials, products,
processes and services are fit for their purpose.
2.4.1 ISO International Organization for Standardization
What is ISO?
ISO is an independent, non- governmental international organization with a
membership of 162 national standards bodies
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