Which of the following processes helps to identify and prioritize risks?

The process that helps to identify and prioritize risks is risk assessment. This is a systematic approach that involves analyzing potential risks to understand their likelihood and impact on the organization. In a risk assessment, various factors are taken into consideration, including the nature of the threat, vulnerabilities within the organization, and the potential consequences of risks manifesting. This process is crucial for decision-making, allowing organizations to allocate resources effectively and implement necessary controls to mitigate identified risks. Through risk assessment, organizations can prioritize risks based on their severity and urgency, enabling them to focus on the most critical issues first.

Other processes, such as performance evaluation, market research, and customer feedback analysis, while valuable in their own right, do not specifically focus on identifying and prioritizing risks. Performance evaluation typically assesses the effectiveness of existing processes or individual performance rather than exploring potential risks. Market research gathers insights about consumers and industry trends but does not provide a structured approach to risk identification. Customer feedback analysis seeks to understand user opinions and experiences, which can inform product development but does not typically address broader organizational risks. Thus, the distinctive focus of risk assessment makes it the appropriate process for identifying and prioritizing risks.