What does the risk management process primarily focus on?

The risk management process primarily focuses on identifying and managing risks to protect assets because its core objective is to mitigate potential threats that could impact an organization's resources, both tangible and intangible. This process encompasses various stages, including risk identification, risk assessment, risk response, and continuous monitoring.

By systematically identifying potential risks, organizations can prioritize them based on their likelihood and potential impact. Once risks are identified, management can develop strategies to minimize or eliminate them, ensuring the protection of assets—such as data, financial resources, and reputation. This proactive approach not only safeguards the organization but also supports its long-term stability and success.

While enhancing productivity and raising employee awareness are important aspects of an overall organizational strategy, they do not directly reflect the primary focus of the risk management process. Similarly, establishing new policies and procedures, although related to risk management, is more of a derivative activity that may emerge as a result of the risk management efforts rather than the primary purpose itself.