Which term identifies the sources, causes, and consequences of risks before harm occurs?

Which term identifies the sources, causes, and consequences of risks before harm occurs?

• A. Risk Identification
• B. Risk Assessment
• C. Risk Tracking
• D. Risk Review

Answer: (A)

Identifying risks before harm occurs focuses on uncovering what could go wrong, where those risks come from, and what their potential effects could be. This step builds a clear picture of the risk landscape so you can plan defenses and prevention before any incident happens. It’s the foundational activity that answers what might fail, why it could fail, and how badly it could affect the organization, which is why it’s the best fit for identifying sources, causes, and consequences pre-incident. After this, other activities like assessing likelihood and impact, tracking known risks, or reviewing the risk management process take place to manage those risks over time.

Identifying risks before harm occurs focuses on uncovering what could go wrong, where those risks come from, and what their potential effects could be. This step builds a clear picture of the risk landscape so you can plan defenses and prevention before any incident happens. It’s the foundational activity that answers what might fail, why it could fail, and how badly it could affect the organization, which is why it’s the best fit for identifying sources, causes, and consequences pre-incident. After this, other activities like assessing likelihood and impact, tracking known risks, or reviewing the risk management process take place to manage those risks over time.