The process that includes identifying, analyzing, and evaluating risks to inform decision-making is best described as:

The process that includes identifying, analyzing, and evaluating risks to inform decision-making is best described as:

• A. Risk analysis
• B. Risk criteria
• C. Risk assessment
• D. Risk management

Answer: (C)

The process described is risk assessment. It brings together identifying hazards, analyzing how likely they are to occur and how severe their consequences could be, and evaluating which risks are most significant to inform decisions about what controls to implement. This step provides a clear view of the risk landscape so leaders can decide where to allocate resources, what mitigation actions to apply, and how to monitor outcomes. Risk analysis focuses on measuring risk, but without the full evaluative and decision-support scope. Risk criteria are the standards used to judge risk levels, and risk management covers the broader cycle of treating risks. So the best fit for the described process is risk assessment.

The process described is risk assessment. It brings together identifying hazards, analyzing how likely they are to occur and how severe their consequences could be, and evaluating which risks are most significant to inform decisions about what controls to implement. This step provides a clear view of the risk landscape so leaders can decide where to allocate resources, what mitigation actions to apply, and how to monitor outcomes. Risk analysis focuses on measuring risk, but without the full evaluative and decision-support scope. Risk criteria are the standards used to judge risk levels, and risk management covers the broader cycle of treating risks. So the best fit for the described process is risk assessment.