Risk Assessment Methodology
What is Risk Assessment Methodology?
The defined approach and procedures used to identify, analyze, and evaluate risks in a consistent and repeatable manner.
Terms that appear alongside risk assessment methodology
Each of these is named in at least one of the same controls as risk assessment methodology. The number is how many controls name both.
- risk assessment 9 shared controls
- audit 6 shared controls
- governance 4 shared controls
- nist 4 shared controls
- compliance 4 shared controls
- risk register 4 shared controls
- risk treatment 3 shared controls
- transparency 3 shared controls
Frameworks that govern risk assessment methodology
What the standards actually require on risk assessment methodology
Requirements naming risk assessment methodology across 6 standards, quoted from the control text.
Document repeatable methodology for privacy risk identification, analysis, and evaluation distinct from security risk methodology.
ISO27557-6.1 · Privacy Risk Assessment Methodology →Adopt a risk assessment methodology that considers likelihood, vulnerability, and consequence including safety, environmental, financial, and reputational impacts specific to OT.
OT-RM-1 · OT Risk Assessment Methodology →HKMA C-RAF Domain 1 GOVERNANCE + Domain 2 IDENTIFICATION. DOMAIN 1 GOVERNANCE (5 sub-areas): (1) CYBER RISK GOVERNANCE - board + senior management oversight + governance structure + reporting lines + delegation; board cyber-risk literacy + training;
HKMA-CRAF-Domain1-2-Governance-Identification · HKMA C-RAF Domain 1 (Governance) + Domain 2 (Identification) - Cyber Strategy, Risk Management, Asset Management, Threat Assessment →UR E26 Goal 1 (Identify) also requires a Ship Cyber Resilience Plan (SCRP) covering scope + assumptions + roles + responsibilities + risk assessment methodology + control measures + maintenance procedures + incident response + recovery + training.
IACS-UR-E26-Identify-Plan-Risk-Survey-Documentation · IACS UR E26 Identify Goal - Ship Cyber Resilience Plan + CBS Risk Assessment + Survey + Documentation →The IRM Risk Architecture + Strategy + Protocols (RASP) framework defines the governance + structural + behavioural enabling elements of effective enterprise risk management.
IRM-Architecture-Strategy-Protocols-Appetite-Culture-Board-Audit-Committee-CRO-Three-Lines · IRM RASP - Risk Architecture + Strategy + Protocols + Risk Appetite Statement + Risk Culture + Board + Audit Committee + Chief Risk Officer + Three Lines of Defence + Tone at the Top →Japan AI Guidelines for Business adopt a risk-based approach to AI system categorisation following Hiroshima AI Process principles + conceptually aligned with EU AI Act tiering though voluntary rather than mandatory.
JP-AIG-Risk-Based-AI-System-Categorisation-Tiered-Approach-EU-AI-Act-Aligned-Generative-Foundation-Models · Japan AI Guidelines Risk-Based AI System Categorisation + Tiered Approach + EU AI Act Aligned + Generative AI + Foundation Models + High-Risk + Limited-Risk + Minimal-Risk + AISI Capability-Based Thresholds →Questions people ask about risk assessment methodology
What is Risk Assessment Methodology?
Why is Risk Assessment Methodology important for compliance?
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See how Risk Assessment Methodology applies across compliance frameworks
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