The phase 0 of Risk Management Framework (RMF) is known as strategic risk assessment planning.
Which of the following processes take place in phase 0? Each correct answer represents a complete solution.
Choose all that apply.
Click on the arrows to vote for the correct answer
A. B. C. D. E.BCDE.
The Risk Management Framework (RMF)
In the Risk Management Framework (RMF), Phase 0 is indeed known as strategic risk assessment planning. This phase involves several key processes to lay the foundation for the risk management process. Let's go through each answer choice and provide a detailed explanation:
A. Review documentation and technical data: During Phase 0, it is important to review documentation and technical data related to the system or organization under assessment. This includes reviewing existing policies, procedures, system architectures, network diagrams, and any other relevant documentation. By thoroughly understanding the existing documentation and technical data, the risk assessment team can gather valuable insights and information for the subsequent phases.
B. Apply classification criteria to rank data assets and related IT resources: Data classification is a critical aspect of risk management. In this process, the risk assessment team applies classification criteria to rank data assets and related IT resources. Data assets can be classified based on their sensitivity, value, regulatory requirements, or other relevant factors. By ranking these assets, the team can prioritize their protection and allocate appropriate security controls based on their importance.
C. Establish criteria that will be used to classify and rank data assets: In order to apply classification criteria effectively, it is necessary to establish the criteria themselves. During Phase 0, the risk assessment team defines the criteria that will be used to classify and rank data assets. These criteria may include factors such as confidentiality, integrity, availability, legal requirements, or business impact. The established criteria ensure consistency and objectivity when classifying and prioritizing data assets.
D. Identify threats, vulnerabilities, and controls that will be evaluated: Identifying threats, vulnerabilities, and controls is an essential step in the risk management process. During Phase 0, the risk assessment team identifies potential threats that could exploit vulnerabilities in the system or organization. Vulnerabilities are weaknesses or flaws that could be exploited by threats. Additionally, the team identifies controls that are in place or should be implemented to mitigate the identified threats and vulnerabilities.
E. Establish criteria that will be used to evaluate threats, vulnerabilities, and controls: Similar to establishing criteria for data asset classification, Phase 0 also involves establishing criteria to evaluate threats, vulnerabilities, and controls. These criteria provide a systematic approach to assessing and analyzing the identified threats, vulnerabilities, and controls. By defining the evaluation criteria, the risk assessment team ensures consistency and accuracy in the subsequent risk analysis and mitigation activities.
To summarize, the processes that take place in Phase 0 of the Risk Management Framework (RMF) include reviewing documentation and technical data, applying classification criteria to rank data assets and related IT resources, establishing criteria for data asset classification, identifying threats, vulnerabilities, and controls, and establishing criteria for evaluating threats, vulnerabilities, and controls.