A20247: Identify risk objectives and standards, with input from stakeholders. Identify project risk context to inform risk management processes: Project Risk Assignment, APC, Australia

• * Identify risk objectives and standards, with input from stakeholders.
  * Identify project risk context to inform risk management processes.
  * Identify project risks using valid and reliable risk identification methods.
• * Identify risk analysis classification criteria and apply them to the agreed risk
  ranking system.
  * Use risk analysis processes, within delegated authority, to analyze and qualify any risks, threats, and opportunities.
  * Identify risk priorities in agreement with the project client and another stakeholder.
  * Document risk analysis outcomes for inclusion in risk register and risk management plan.
• * Identify and document existing risk controls.
  * Analyze risk treatment options using agreed consultative methods.
  * Record and implement agreed-on risk treatments.
• * Establish risk review processes.
  * Monitor risk environment and identify changed circumstances impacting project risks.
  * Evaluate risk responses to changing environment.