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What is Risk Management?
The Process
Guiding Principles
Step 1
Step 2
What to do and how to do it?
Expected results and outputs
Step 3
Step 4
Step 5
Step 6
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Photo - Summer in NunavutExpected results and outputs

  • Risk scenarios are developed and a preliminary analysis is completed for each event, showing initial estimates of potential losses and frequency.
  • Baseline information has been collected, or plans are in place to collect additional baseline information.
  • Additional analysis of people or groups who might be affected by the risks has been completed.
  • An outline of a communications plan for these people or groups has been developed.
  • The risk information library is started.
  • Important reference material is documented and stored.

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