82. Risk Assessment Frequency

Risk Assessment Frequency

The regularity with which risk assessments are conducted within an organization

Risk Assessment Frequency types

Ad-Hoc

Recurring

One-Time

Continuous

Ad-Hoc Assessments

Conducted as and when needed, often in response to a specific event or situation that has the potential to introduce new risks or change the nature of existing risks. These events or situations may be repeated

Recurring Assessments

Conducted at regular intervals, such as annually, quarterly, or monthly

One-Time Assessments

Conducted for a specific purpose and are not repeated. Tied to a specific project or initiative and specific to it so its not repeated

Continuous Assessments

Ongoing monitoring and evaluation of risks