Professional, Intermediate, Novice User Guide for all of Us

The Five Stages of Activity

August 11th, 2008 chris

The Risk Management Framework consists of the five fundamental activity stages:

  1. Understand the business context

  2. Identify the business and technical risks

  3. Synthesize and prioritize the risks, producing a ranked set

  4. Define the risk mitigation strategy

  5. Carry out required fixes and validate that they are correct