[Answer] What is the fifth step in the risk management (RM) process?

Answer: Supervise and evaluate
What is the fifth step in the risk management (RM) process?

The risk management process usually occurs in five distinct steps : plan risk management risk identification qualitative and quantitative risk analysis risk response planning and risk monitoring and control. The central point of risk identification and assessment in risk management is understanding the risk .

ISO 31000 is a family of standards relating to risk management codified by the International Organization for Standardization.ISO 31000:2018 provides principles and generic guidelines on managing risks faced by organizations . ISO 31000 seeks to provide a universally recognized paradigm for practitioners and companies employing risk management processes to replace the myriad of …

The U.S. Department of Defense summarizes the deliberate level of ORM process in a five-step model: Identify hazards; Assess hazards; Make risk decisions ; Implement controls; Supervise (and watch for changes) Time critical . The U.S. Navy summarizes the time-critical risk management process in a four-step model: 1. Assess the situation.

NIST Special Publication 800-37 “Guide for Applying the Risk Management Framework to Federal Information Systems” developed by the Joint Task Force Transformation Initiative Working Group transforms the traditional Certification and Accreditation (C&A) process into the six- step Risk Management Framework (RMF).

Risk management is the identification evaluation and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize monitor and control the probability or impact of unfortunate events or to maximize the realization of opportunities.. Risks can come from various sources including …

Definitions. The Certified Information Systems Auditor Rev…

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