Describe the four step risk management process.

Step 1 involves identification of the potential threats and disruptions to which the organization is susceptible.

Step 2 focuses on evaluation and prioritization of the risks. The more vulnerable the organization's transportation process is to a potential risk, the more attention it should receive.

Step 3 requires the organization to develop proactive risk management and mitigation strategies. Structural and procedural changes may be required to execute the strategy.

Step 4 prioritizes continuity, vigilance, and process improvement. Ongoing testing of strategies, evaluation of their success, and scanning for new risks are needed to achieve maximum protection.

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