What process includes identifying threats and assessing them to determine capabilities?

The risk management process encompasses identifying potential threats and assessing them to determine their capabilities and potential impact. This process is essential in ensuring that any risks to people, property, and operations are systematically evaluated. It involves not only recognizing various threats but also analyzing the likelihood of their occurrence and the potential consequences they may entail. By conducting this thorough assessment, organizations can prioritize risks based on their significance and create effective mitigation strategies to manage them appropriately.

This approach is a comprehensive framework that guides decision-making in resource allocation, safety measures, and overall security strategies. It emphasizes proactive consideration of threats and establishes a basis for informed operational decisions. This understanding and evaluation of threats allow for better preparedness and resilience against various types of risks.