What is defined as a management process to identify potential threats to an organization?

The correct answer focuses on the practice of systematically identifying, evaluating, and addressing risks that could potentially threaten an organization, which is a fundamental aspect of risk management. Risk assessment involves analyzing the likelihood and impact of various threats, including financial, operational, and reputational risks, allowing an organization to implement strategies to mitigate these threats.

In contrast, business continuity planning refers to the processes and procedures that ensure that critical business functions can continue during and after a disaster or major disruption. While it does involve assessing risks to some degree, its primary goal is to ensure that the organization can maintain or resume operations during crises rather than just identifying potential threats.

Crisis management is specifically about responding to a crisis effectively once it has occurred, including communication strategies and procedures to manage the immediate aftermath of a crisis. This area of focus comes into play after threats have manifest, rather than during the assessment and identification phase.

Operational strategy relates to the overall plan that outlines how an organization will utilize its resources effectively to achieve its goals and objectives. It aims at aligning operations with broader strategic goals rather than focusing specifically on identifying potential threats.

Thus, the definition of risk assessment accurately encompasses the management process aimed at spotting and understanding potential threats, setting it apart from the other options which focus on