weather conditions of previous years indicate that staff will be exposed to minimal risk of rock slide on a building site. However, one of the effects of El Nino saw an increase in rain fall over the summer. Dried dirt has shifted and the chances of a mud slide over the winter period have increased. Your contractor is concerned that the level of risk has risen and the equipment left on-site shall be at a higher level of risk also.

Stakeholders would weigh the cost of insurance, putting in placing more safety practices and the cost of replacement. The priority of this risk would rise as the chances of rain causing a mud slide rose. By ensuring that the stakeholders have a report on the after effects of El Nino, stakeholders' decisions would be more informed and the budget and time allocated to minimising the risk would be varied according to their responses.

Q..Briefly outline a project or activity that you are involved in.

Using the project or activity described above, who are your stakeholders? Are they internal or external to the organisation? What variables may impact on their decisions? What decisions may they assist in that will impact on the Risk Management Plan? The variables must have an impact on the decisions that they are making.