Risk Management Framework

In the Project Risk Management text, read pages 21–36 (chapter 2). 

 This is short answer questions but need  one reference

In your reading for this week, there is a "Business Framework for Risks" on pages 23–24 of your textbook. What is the significance of this framework, and how would you apply the framework to a risk management plan?

What steps would you take to make sure that each aspect of the framework was incorporated into your risk management plan? Is this framework realistic? What else would you add to the framework?