Which of the following is NOT a phase in the Risk Management Framework?

The concept of a Risk Management Framework involves a series of structured phases aimed at identifying, assessing, managing, and monitoring risks. Each of these phases plays a crucial role in ensuring that an organization effectively mitigates potential threats to its assets, including data and systems.

In this context, "Assessment" refers to the process of identifying risks and evaluating their potential impact on the organization. "Monitoring" is the continuous process of observing risk factors and the effectiveness of the risk management strategies in place. "Implementation" involves putting the decided risk management strategies into action, ensuring that the organization is actively working to mitigate the identified risks.

While "Reporting" is an important activity related to communicating risk status and management efforts to stakeholders, it does not constitute a formal phase in the traditional Risk Management Framework. Reporting is often considered an output or a supportive task that occurs throughout the risk management process, rather than a distinct phase that follows a specific set of actions. Therefore, identifying "Reporting" as not a phase in the Risk Management Framework is correct, as it does not align with the structured process of assessing and managing risks.