Enumerate the Steps in the Risk Management Process? Explain why is it important to monitor the risk…

➤ How often should risk assessments and monitoring be performed?
Perform formal risk assessments at planned intervals like annually and after major changes or incidents. Set monitoring frequency by risk severity: continuous for high-impact risks, monthly or quarterly for operational risks, and ad-hoc for projects. Align timing with regulatory deadlines, audit cycles, and changes in business strategy.