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introduction to management

Question 1 (20 marks) a) Identify the criteria that should be used to select a risk management standard and select and explain why you have selected this specific standard. Answer: Risk Management standard are often used as voluntarily. ISO 31000 This has more generic approach to risk management to any industry and consist of 3 basic parts – Principles, Framework and Processes b) Describe the monitoring phase of the ISO 31000 risk management

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15 Other / Other University Of Toronto / SCS_2921_132 18 Nov 2020