Which process involves ongoing assessment of risk management effectiveness?

The process that involves ongoing assessment of risk management effectiveness is control monitoring. Control monitoring is essential as it ensures that the risk management framework remains effective over time. This process includes continuously reviewing and evaluating the controls to make certain they are functioning as intended and are sufficiently addressing the risks.

Control monitoring not only helps identify areas where controls may be failing but also aids in detecting changes in the risk environment that may necessitate adjustments in the risk management strategy. By regularly assessing the effectiveness of controls, organizations can proactively address potential vulnerabilities and enhance their overall security posture.

In contrast, while risk mitigation refers to the implementation of strategies to reduce risks, it does not inherently involve ongoing assessment. Strategic planning focuses on long-term organizational goals and directions rather than the continuous evaluation of risk management practices. Disaster preparedness involves planning for and responding to incidents but does not primarily center on assessing risk management effectiveness.