What is the Correct order for the risk management process?

The correct order for the risk management process typically includes the following steps: 1) Risk Identification, where potential risks are recognized; 2) Risk Assessment, which involves analyzing the likelihood and impact of identified risks; 3) Risk Mitigation, where strategies are developed to minimize or eliminate risks; and 4) Risk Monitoring and Review, to continuously track risks and the effectiveness of mitigation strategies. This cyclical process ensures that risks are managed proactively and effectively.