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Risk Management Process

katlego mokoke English

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Risk Management Process

  1. Identify, classify and prioritize organizations assets

    • Identify vulnerabilities that may place assets at risk
      • Identify threats that may cause assets information to be compromised
        • Identify controls that will help protect identified assets
          • Combine Information gathered about assets, vulnerabilities and controls, and define risks
            • Evaluate relative risks for each vulnerabilities by rating them
              • Create list of potential controls for each threat and its associated vulnerabilities that have a residual risk
                • Document results of assessment
                  • Choose one of the five basic strategies to control each of the risks (defend, transfer, mitigrate, accept, terminate

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Mind Map on Risk Management Process, created by katlego mokoke on 02/04/2020.
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katlego mokoke
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