Which phase of the RMF includes risk analysis and prioritization?

The phase of the Risk Management Framework (RMF) that includes risk analysis and prioritization is the assessment phase. During this critical stage, organizations evaluate the potential risks associated with their information systems, determining the vulnerabilities, threats, and the likelihood of various types of unauthorized access or breaches.

Risk analysis involves assessing the impact of potential security incidents, measuring the severity of the risks identified, and deciding which risks need to be prioritized based on their potential impact on the organization. This helps organizations allocate resources effectively and implement appropriate controls to mitigate the most significant risks.

The prioritization process is key to ensuring that limited resources are used efficiently and that the most pressing vulnerabilities are addressed first. By focusing on the analysis and prioritization during this phase, organizations can establish a solid foundation for making informed decisions in their risk management strategies and subsequent phases of the RMF.