Which of the following is NOT a component of ISO 31000 for Risk Management?

ISO 31000 outlines a structured and comprehensive framework for risk management that includes several key components. Among these, the emphasis is placed on facilitating effective risk communication and consultation, which ensures the involvement of stakeholders throughout the risk management process. This aligns with one of the components mentioned in the choices.

Risk evaluation is another essential aspect of ISO 31000, as it involves comparing the results of risk analysis with risk criteria to determine whether the risk is acceptable or if further treatment is required. This evaluation process is critical in making informed decisions regarding risk management strategies.

Performance monitoring is also a recognized component within ISO 31000, focusing on the continuous assessment of risk management processes to ensure they remain effective and adaptive to changing circumstances.

In contrast, risk documentation, although crucial in a risk management context for maintaining records and providing evidence of decision-making processes, does not specifically fall under the formal components outlined in ISO 31000. Therefore, its absence as a structured component of the standard makes it the correct answer in identifying what is NOT part of ISO 31000 for Risk Management.