In the risk management model, after risk identification, which activity occurs?

In the risk management model, after risk identification, which activity occurs?

• A. Risk Mitigation
• B. Process Planning
• C. Risk Analysis
• D. Risk Monitoring

Answer: (C)

After identifying risks, you analyze them to understand how likely they are to occur and how big their impact could be. This analysis helps you assign a severity or priority to each risk, so you know which ones need attention and what kind of response they might require. Using methods like a probability/impact matrix or other quantitative or qualitative tools, you distinguish high-priority risks from lower ones and establish a solid basis for deciding how to respond. Once risks are analyzed, you move into planning how to address them—mitigation, transfer, acceptance, or avoidance—based on the analysis results. Monitoring comes later, tracking risks and the effectiveness of responses over time. Process planning isn’t the immediate next step in this sequence, and monitoring isn’t about deciding what to do next but about watching risk status as actions are implemented.

After identifying risks, you analyze them to understand how likely they are to occur and how big their impact could be. This analysis helps you assign a severity or priority to each risk, so you know which ones need attention and what kind of response they might require. Using methods like a probability/impact matrix or other quantitative or qualitative tools, you distinguish high-priority risks from lower ones and establish a solid basis for deciding how to respond. Once risks are analyzed, you move into planning how to address them—mitigation, transfer, acceptance, or avoidance—based on the analysis results. Monitoring comes later, tracking risks and the effectiveness of responses over time. Process planning isn’t the immediate next step in this sequence, and monitoring isn’t about deciding what to do next but about watching risk status as actions are implemented.