What must a leader develop after assessing a situation in risk management?

In risk management, after assessing a situation, it is essential for a leader to develop risk control options to mitigate risks. This step is crucial because the assessment process involves identifying potential risks that could affect the mission or objective. By focusing on risk control options, the leader can determine practical strategies to minimize or eliminate these identified risks.

These options may include implementing new protocols, assigning specific roles and responsibilities to team members, or utilizing resources in a way that reduces vulnerability. The aim is to ensure that the team can proceed with their tasks while being prepared to handle any adverse situations that may arise. This proactive approach is essential in maintaining operational effectiveness and safeguarding the mission's success.

While forming a team for immediate mission execution, creating a timeline, or preparing a budget are important aspects of organizational leadership, they come after the identification and mitigation of risks. Risk management fundamentally prioritizes the assessment and management of vulnerabilities before such tactical concerns can be fully addressed.