Key Activities

The key activities in the Risk Management Process are:

• identifying the risks
• estimating their consequences
• evaluating and ranking the risks
• selecting options to lower those risks to acceptable levels.

6 Steps

There are six simple steps in the process:

See Volume 2: Workbook & Case Studies (below) for examples of how to complete each step.

The framework in this Guide is based on the Canadian national standard, entitled "Risk Management: Guidelines for Decision-makers" (CAN/CSA-Q850-01).

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