Explain one principle of risk management

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Reference no: EM133261307

Assignment:

1. Identify and explain one principle of risk management according to the ISO31000.

2. Establishing the external context includes considering a number of external variables that can affect a project/organization. Using the example of a music festival, identify and explain one element of the external context and explain how it can affect the event in terms of risks.

3. The tourism industry is complex in nature. Explain how that characteristic makes the industry more vulnerable to crises.

Reference no: EM133261307

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