Referencing Styles : APA Thank you for submitting your assessment task. It is clear that you have done a great dela of research on the theory of Managing risk for business. These ideas should be able to assist you in applying this theory to a company of your choice to complete the assessment task as required. Step 1 required you to 1. Give me an overview of a company you have chosen. 2. Identify the critical success factors of that company 3. Identify the strategic objectives of that company 4. Discuss the things that impact on the external and internal context of the company. Within each of these categories context you need to provide information about the financial, social, political, and other contexts as identified in the ISO31000:2009 standard . You then need to resubmit this to me along with step 2, by Wednesday 26 August, 2015.Conduct a risk assessment to identify, analyse and evaluate risks. The outcome of your risk assessment exercise should be documented in a risk register and annexed to the risk management plan. 1. Risk identification For each risk category: a. Identify the factors that should be considered and information sources used when researching risks that apply to scope b. Provide evidence of the tools, techniques or methods used to generate a list of risks that apply to the scope c. For each risk identified write a statement that defines the risk, and consider the possible causes and consequences (or impacts). d. Use a risk identification log to document the outcome of the risk identification exercise. The log should be annexed to the risk management plan 2. Risk analysis and evaluation For each risk, provide evidence of: a. The risk analysis system/processes and tools used to: i. Estimate the possible consequence or impact on objectives ii. Estimate the likelihood of the risk occurring iii. Determine the level of risk b. The risk evaluation processes used to determine if risk treatment is required and rank the risk in order of priority c. Internal and/or external stakeholders participation in the risk analysis and evaluation d. Using the risk register to document the outcomes of your risk analysis and evaluation Part 3 – Risk treatment and control 3. For each risk provide evidence of: a. Selecting the most appropriate control (action) for treating the risk b. Developing and implementing risk treatment (or action) plans c. Referring risks having an impact beyond own work responsibilities and area of operation to an appropriate authority within the organisation d. Using a risk treatment plan template to document the outcomes of a, b and c. The risk treatment plan should be annexed to the risk management plan. Part 4 – Monitoring and review 4. Provide evidence of taking the appropriate measures to regularly monitor and reviewrisk treatment plans 5. Provide evidence of how you would improve the treatment of risks using the review results 6. Explain how you would ensure that all documentation relating to the risk management process is in order and appropriately stored. 7. Outline your strategy for reviewing and monitoring the risk management process in your area of operation.