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1.10 Risk Management is a five step process which is listed below. Explain each step in detail in your own words. (Guide: 800 words). Step

1.10 Risk Management is a five step process which is listed below. Explain each step in detail in your

own words. (Guide: 800 words).

Step 1 - Establish the context

Step 2 - Identify the risks

Step 3 - Analyse the risks

Step 4 - Evaluate the risks

Step 5 - Treat the risks

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