Risk identification: Identify potential risks to an organization's assets, operations, and reputation.

Risk assessment: Evaluate the likelihood and impact of each identified risk.

Risk mitigation: Implement controls to reduce the likelihood and/or impact of risks.

Risk monitoring: Monitor the effectiveness of risk mitigation controls and identify new risks.

Risk reporting: Communicate risk information to management and other stakeholders.

Risk culture: Promote a risk-aware culture throughout the organization.

Risk consulting: Provide consulting services to help organizations improve their risk management practices.