NSIT XXXXXXXXXXoutlines the essential steps of risk management as follows:Step 1: CategorizeStep 2:...

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NSIT XXXXXXXXXXoutlines the essential steps of risk management as follows:

Step 1: CategorizeStep 2: Select.Step 3: ImplementStep 4: AssessStep 5: AuthorizeStep 6: Monitor

Do you think there is any flexibility in this process? Could you potentially skip a step? Or are all elements of this 6 step process essential?

NSIT XXXXXXXXXXRisk Management Framework (RMF) Overview. Retrieved fromhttps://csrc.nist.gov/Projects/Risk-Management/Risk-Management-Framework-(RMF)-Overview

Soumi · Accepted Answer

Running Head: ANALYZING THE STEPS OF RISK MANAGEMENT	1
ANALYZING THE STEPS OF RISK MANAGEMENT	4
HEALTHCARE
ANALYZING THE STEPS OF RISK MANAGEMENT
Table of Contents
The Compulsory Steps of Risk Management	3
Assessing if this Process is Flexible	3
Chances of Skipping any Step	3
Assessing if all Components of the 6-Step Process are Necessary	3
References	4
The Compulsory Steps of Risk Management
	The National Institute of Standards and Technology (NIST) enlists that in order to prevent, assess and mitigate risks at an organization, the risk management body should follow a 6-step risk management process. It encompasses of the categorization, selection, implementation, assessment, authorization and monitoring of the organizational risks (NIST, 2018).
Assessing if this Process is Flexible
	According to NIST, the process is flexible to a certain extent,

NSIT XXXXXXXXXXoutlines the essential steps of risk management as follows: Step 1: Categorize Step 2: Select . Step 3: Implement Step 4: Assess Step 5: Authorize Step 6: Monitor Do you think there is...

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