Risk Management Framework Phase 3: Mitigation Planning

Mitigation Planning

Q: The phase 3 of the Risk Management Framework (RMF) process is known as mitigation planning.Which of the following processes take place in phase 3? Each correct answer represents a complete solution.Choose all that apply.

Document and implement a mitigation plan.Agree on a strategy to mitigate risks.Evaluate mitigation progress and plan next assessment.

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Question

The phase 3 of the Risk Management Framework (RMF) process is known as mitigation planning.

Which of the following processes take place in phase 3? Each correct answer represents a complete solution.

Choose all that apply.

Answers

A. Identify threats, vulnerabilities, and controls that will be evaluated.

B. Document and implement a mitigation plan.

C. Agree on a strategy to mitigate risks.

D. Evaluate mitigation progress and plan next assessment.

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Explanations

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A. B. C. D.

BCD.

The Risk Management Framework (RMF) is a framework developed by the National Institute of Standards and Technology (NIST) to help organizations manage and reduce risks to their information systems. The framework consists of six phases, with phase 3 being the mitigation planning phase. In this phase, the following processes take place:

A. Identify threats, vulnerabilities, and controls that will be evaluated: In this process, the organization identifies the threats and vulnerabilities that are present in their information system. They also identify the controls that are in place to mitigate those threats and vulnerabilities.

B. Document and implement a mitigation plan: Based on the identified threats and vulnerabilities, the organization develops a mitigation plan to reduce or eliminate those risks. This plan should include specific actions, timelines, and responsibilities for implementation.

C. Agree on a strategy to mitigate risks: In this process, the organization agrees on a strategy to mitigate the risks identified in the previous step. This strategy should be based on the organization's risk tolerance, resources, and mission needs.

D. Evaluate mitigation progress and plan next assessment: After the mitigation plan has been implemented, the organization evaluates its progress to ensure that the risks have been reduced to an acceptable level. They also plan for the next assessment to ensure that the risk management process continues to be effective.

In summary, phase 3 of the Risk Management Framework (RMF) process involves identifying threats and vulnerabilities, developing a mitigation plan, agreeing on a strategy to mitigate risks, and evaluating the progress of the mitigation plan.

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