What is the process called that ensures risk management efforts focus on vulnerabilities likely to impact operations?

The process that ensures risk management efforts focus on vulnerabilities likely to impact operations is known as prioritization. This involves evaluating various risks and their potential impact on organizational objectives and operations, allowing teams to allocate resources and attention towards addressing the most significant threats first. By prioritizing vulnerabilities based on their likelihood and the severity of their potential impact, organizations can effectively manage resources and focus on mitigating the risks that pose the greatest threat to operations.

Mitigation, while related, specifically refers to the actions taken to reduce the severity or likelihood of a risk occurring, rather than the process of deciding which risks to address first. Assessment typically involves identifying and analyzing risks but does not inherently involve a prioritization framework. Evaluation often refers to measuring the effectiveness of risk management efforts, instead of focusing on the prioritization of vulnerabilities themselves. Hence, prioritization is the clear process that aligns efforts with operational needs based on risk significance.