This document is a comprehensive solution to the BSBRSK501 Manage Risk assessment for a Diploma of Business at Lonsdale Institute. The assignment covers key risk management concepts, including definitions of risk, risk assessment, risk management, risk appetite, risk capacity, risk control, risk treatment, and contingency planning. It includes a PESTLE analysis of Lonsdale Institute, examining the impact of political, economic, sociological, technological, legal, and environmental factors. A SWOT analysis identifies the institute's strengths, weaknesses, opportunities, and threats, followed by the identification of risks and their treatment. The document also explores the importance of research in risk management, encompassing risk recovery plans and their components, emphasizing crisis management, business continuity, and contingency planning. The assignment provides a detailed and practical approach to risk management within an educational context.