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Department of Premier and Cabinet

The risk management process

Strategic risk management follows a step-by-step process that, when undertaken, enables a sound basis for decision making.

Figure 3: The risk management process

More information on the steps in the risk management process is available for your information:

  • communicating and consulting
  • setting the organisational context
  • identifying the risk
  • analysing the risk
  • evaluating the risk
  • treating the risk
  • monitoring, reviewing and auditing the risk