What RM process step requires a cycle of continuous reassessment?

The risk monitoring and review step in the risk management (RM) process requires a cycle of continuous reassessment. This step involves regularly evaluating identified risks, assessing their impact and likelihood, and determining the effectiveness of risk response strategies. Continuous reassessment ensures that new risks are identified and that existing risks are managed appropriately as circumstances change. This ongoing process helps organizations adapt their risk management strategies to evolving conditions and maintain effective oversight.