Is risk identification an ongoing process?

Risk identification is indeed considered an ongoing process because risks can evolve over time as organizations change, new projects are initiated, and external conditions shift. Continuous monitoring and assessment allow organizations to adapt their risk management strategies accordingly.

By recognizing that risks can arise at any time and that existing risks may change in severity or impact, organizations can maintain a proactive stance toward mitigating potential threats. This approach enhances resilience and ensures that risk management practices remain relevant and effective.

The other choices suggest a more static approach to risk identification, either by limiting it to an annual or one-time assessment or by implying that only certain risks require ongoing identification. However, risk landscapes are often fluid, and a dynamic approach to risk identification is essential for comprehensive risk management.