Section 9.82 Risk Assessment Frequency

Question 1

Risk Assessment Frequency

Answer 1

The regularity of risk assessments that are conducted within an organization

Question 2

Four main types of risk assessment frequencies

1 Ad-Hoc Risk Assessment

Answer 2

Conducted as needed, often in response to specific events or situations.

It address potential new risks or changes in existing risks

Question 3

2 Recurring Risk Assessments

Answer 3

● Conducted at regular intervals (e.g., annually, quarterly, monthly)

● Part of standard operating procedures for continual risk identification and management

Question 4

3 One-Time Risk Assessments

Answer 4

● Conducted for specific projects or initiatives

● Not repeated, associated with a particular purpose

Question 5

4 Continuous Risk Assessments

Answer 5

● Ongoing monitoring and evaluation of risks

● Enabled by technology, involving real-time data collection and analysis

● Used for proactive threat and vulnerability monitoring, facilitating quick responses

Question 6

Ad-Hoc vs One Time Risk Assessment

Answer 6

Ad-Hoc: Specific events or situations and may be repeated

One Time: Specific project or initiative are NOT repeated