During which phase are risks analyzed to assess their level of threat?

The phase during which risks are analyzed to assess their level of threat is the Assess phase. This phase is crucial in the risk management process, as it involves evaluating the identified risks to determine their potential impact and likelihood of occurrence. By analyzing risks in this manner, organizations can prioritize them based on their severity, allowing for more informed decision-making regarding which risks require immediate attention or mitigation efforts.

In the Assess phase, various measurement techniques may be employed, including qualitative and quantitative assessments. This analysis is vital for developing an effective risk management strategy that balances risk acceptance with necessary controls to reduce threats to acceptable levels.

The other phases mentioned serve different purposes: the Control phase focuses on implementing measures to mitigate risks, the Identify phase involves recognizing potential risks, and the Review phase assesses the effectiveness of the risk management strategies previously implemented. Each plays a critical role in the overall risk management lifecycle, but the specific analysis of threat levels occurs distinctly within the Assess phase.