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- The seven steps of risk management are123:
- Risk identification
- Risk analysis or assessment
- Controls implementation
- Resource and budget allocation
- Risk mitigation
- Risk monitoring, reviewing, and reporting
- Review and evaluation of the plan
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.In order, the risk management steps are: Risk identification Risk analysis or assessment Controls implementation Resource and budget allocation Risk mitigation Risk monitoring, reviewing, and reportingwww.auditboard.com/blog/risk-management-101/The seven NIST RMF steps lay out the process your organization can follow: Prepare; Categorize; Select; Implement; Assess; Authorize; and Monitor. Each step builds from its predecessor, ideally culminating in a fully realized system that encumbers enough SPSCR – but no more! – to function well over time.ipkeys.com/blog/rmf-steps/How to do Risk Management? 7 Step Risk Management Process
- 1) Establishing the context Now, this is the first and foremost step of the risk management process. In this step, the establishment of the context is done. ...
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