What is the first step in the four steps of risk analysis?

The first step in the four steps of risk analysis is scoping. This initial phase is crucial as it establishes the context and boundaries of the risk analysis. Scoping helps define what will be included in the analysis, such as the specific assets, threats, vulnerabilities, and organizational environment being examined. By clearly outlining the scope, analysts can focus their efforts on relevant factors and ensure that the subsequent steps are aligned with the objectives of the risk assessment.

Establishing a proper scope allows for a more efficient and effective analysis, as it helps pinpoint where data collection efforts should be concentrated and what particular risks need to be addressed. This foundational step is essential for forming a robust framework for the entire risk analysis process.