1. The document discusses risk management and its relationship to ISO and IATF standards. It defines risk management as the identification, evaluation, and prioritization of risks followed by actions to minimize, monitor, and control risks and maximize opportunities. 2. The document outlines the general process for risk management, including listing potential events, identifying risks, prioritizing risks, developing mitigation plans, and monitoring performance. 3. It also distinguishes between risk assessment, which evaluates and addresses risks, and risk management, which is a broader subset that follows the general process above in line with ISO 31000 standards.