1. Identification of risk in a selected domain of interest
2. Planning the remainder of the process.
3. Mapping out the following:
o the social scope of risk management
o the identity and objectives of stakeholders
o the basis upon which risks will be evaluated,
constraints.
4. Defining a framework for the activity and an agenda for
identification.
5. Developing an analysis of risks involved in the process.
6. Mitigation or Solution of risks using available technological,
human and organizational resources.