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Which of the following depicts the 5-step risk management process in the correct order?


  • Step 1: Identify the Risk. The initial step in the risk management process is to identify the risks that the business is exposed to in its operating environment. ...
  • Step 2: Analyze the Risk. ...
  • Step 3: Evaluate the Risk or Risk Assessment. ...
  • Step 4: Treat the Risk. ...
  • Step 5: Monitor and Review the Risk.

What are the 5 steps in risk management process? Steps of the Risk Management Process. Identify the risk. Analyze the risk. Prioritize the risk. Treat the risk. Monitor the risk. What are the 5 identified risks? There are five core steps within the risk identification and management process. These steps include risk identification, risk analysis, risk evaluation, risk treatment, and risk monitoring.




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