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A project manager is working on a project that involves securing the network of a tall building. The manager is tasked with managing these risks effectively to ensure the successful completion of the project within a given time frame and budget. The manager identified multiple potential risks associated with the project.
What is the next step in the risk management life cycle?
The correct answer is C --- Assess.
As per WGU Cybersecurity Architecture and Engineering (KFO1 / D488) materials, after risks have been identified, the next step in the risk management life cycle is to assess them. Assessment involves analyzing and prioritizing the risks based on their potential impact and likelihood. Only after assessment can proper strategies be formulated for controlling and mitigating the risks.
Identification (A) occurs before assessment, while reviewing (B) and controlling (D) happen later in the process.
Reference Extract from Study Guide:
'Following the identification of risks, the risk management process proceeds to risk assessment, where risks are analyzed and prioritized based on likelihood and impact to guide mitigation efforts.'
--- WGU Cybersecurity Architecture and Engineering (KFO1 / D488), Risk Management Process
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