Match the stages in the risk management process to the description.
Explanation: Place the options in the following order:
Develop an action plan to reduce overall organization risk exposure. Management should rank and prioritize threats and a team determines how to respond to each threat. |
Respond to the risk. |
Once a risk has been identified, it is assessed and analyzed to determine the severity that the threat poses. |
Assess the risk. |
Continuously review risk reductions due to elimination, mitigation and transfer actions. |
Monitor the risk. |
Identify the threats throughout the organization that increase risk. |
Frame the risk. |
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