B) Consider whether the process indicated in the NatureCare Products' current Risk Management Policy.r and Procedures is sufficient to guide the risk management process used for the business expansion project. Explain why or why not. C. Explain whether the principles of risk management in the NatureCare Products risk management policy,r and procedure is consistent with ASINZS l5031000:2009 Risk Management Principles and Guidance D. 1What changes would you recommend to the risk management process.

the risk management plan tells you how youre going to handle risk in in your business. it documents how you'll assess risk, who is responsible for doing it and how often you'll do risk planning. some risks are technical, like component that might turn out to be difficult to use. others are external, like changes in the market or even problems with the weather.

Step-by-step explanation

its important to come up with guidelines to help you figure out how big a risk's potential impact could be. the impact tells you how much damage the risk would cause to your project. your risk management plan should give you a scale to help figure out the probability of the risk. having criteria to determine high-impact risks can help narrow the focus on a few critical risks that require mitigation. risk evaluation is about developing an understanding of which potential risks have the greatest possibility of occurring and can have the greatest negative impact. some companies and industries develop risk checklist based on experience from past projects. these checklist can be helpful to the project manager and project team in identifying both specific risks on the checklist and expanding the thinking of the team.