3. As a final task, you must evaluate how your risk management process went. You should produce a written report (approximatelyr two A4 sides) to document this. Within your report, you must outline the progress made during the meeting and ensure your report will be relevant to both external and internal stakeholders who have an interest in the process of risk management. The report must include: F Detail of the overall objective F Details of the risk management action plan F Any unresolved risk issues F Details of what went well during the meeting F Details of where improvement in risk management could be made in the future F A summary of the nal outcomes. Your nal work should be checked for spelling, grammar, and punctuation, and then printed out and attached to your workbook. Dear Stakeholders, A meeting was conducted with relevant stakeholders to discuss the risk treatment action plan for developing a new product or service that is at least as good as the competitor's offering. We have identified a potential risk in the industry that a competitor could develop a new product or service that is significantly better than the current offering. This could lead to a loss of market share and revenue. The objective of the risk treatment action plan is to develop a new product or service that is at least as good as the competitor's offering. Tasks required to treat the risk include researching the competitor's product or service, identifying any areas where the current offering could be improved, and developing and implementing a plan to improve the current product or service. The resources required to treat the risk include market research data, information on the competitor's product or service, and input from relevant stakeholders. An appropriate timefrarne for treating the risk is 612 months. People who will be responsible or involved in the risk treatment action plan include senior management, the marketing team, the research and development team, and the sales team. If you have any questions or concerns, please do not hesitate to contact us. Sincerely, [Your name]