What is the IMMEDIATE step after defining set of risk scenarios? 

Answer options:

A. Risk mitigation
B. Risk monitoring
C. Risk management
D. Risk analysis

D

Once the set of risk scenarios is defined, it can be used for risk analysis. In risk analysis, likelihood and impact of the scenarios are assessed. Important components of this assessment are the risk factors. Incorrect Answers: A: Risk mitigation is the latter step after analyzing risk. B: Risk monitoring is the latter step after risk analysis and risk mitigation. C: Risk analysis comes under risk management, therefore management is a generalized term, and is not the best answer for this question.