Certified Governance Risk and Compliance (CGRC) Practice Exam 2025 – All-in-One Guide to Master Your Certification!

The correct answer is associated with the phase in the Risk Management Framework (RMF) that specifically involves assessing potential risks to an organization's operations, assets, and individuals. In this context, risk analysis is a critical step that includes identifying risks, evaluating their potential impact, and determining the appropriate responses.

Phase 2 of the RMF is focused on the security categorization of the information systems and is integral to the identification of risks. This analysis helps in understanding the vulnerabilities and threats that an organization may face and assists in the development of strategies that are necessary for risk mitigation.

This phase may also incorporate elements such as determining the likelihood of risk occurrence and their respective consequences. By addressing these aspects thoroughly, Phase 2 lays the groundwork for subsequent actions in the RMF related to risk management and response strategies.

The other phases include different activities that do not specifically emphasize risk analysis.