Risk Assessment Framework
Comprehensive methodology for identifying and managing organizational risks
Systematic discovery of potential threats to organizational assets and operations
Key Methods:
- Threat intelligence gathering
- Attack surface analysis
- Threat actor profiling
- Emerging threat monitoring
Identify weaknesses in systems, processes, and controls that could be exploited
Key Methods:
- Vulnerability scanning
- Penetration testing
- Configuration reviews
- Security gap analysis
Quantify and rank risks based on likelihood and impact using standardized methodologies
Key Methods:
- NIST SP 800-30 alignment
- Qualitative risk analysis
- Quantitative risk assessment
- Risk heat mapping
Centralized documentation and tracking of identified risks and mitigation efforts
Key Methods:
- Risk catalog maintenance
- Treatment plan tracking
- Residual risk monitoring
- Continuous risk updates
Risk Scoring & Prioritization
Standardized risk levels for consistent organizational assessment
Critical
Immediate intervention required
High
Priority mitigation planning
Medium
Scheduled remediation
Low
Continuous monitoring
Risk Calculation Formula
Risk Score = Likelihood × Impact
Both likelihood and impact are rated on a scale of 1-10, resulting in a total risk score of 1-100
Integration with WRIX Framework
Workflow Integration
Risk assessment builds on documented workflows to identify vulnerabilities in processes
Intervention Planning
Risk scores drive prioritization for intervention strategies and resource allocation
Continuous Monitoring
Risk registers support ongoing extensibility through regular reassessment cycles