Order the elements of the "risk management stack" from top to bottom.

The correct ordering of the elements in the "risk management stack" is essential for understanding how different layers interact to foster effective risk management. The risk management stack begins with identifying threats and vulnerabilities, which serves as the foundation of the framework. This foundational element emphasizes the importance of recognizing potential risks before developing strategies to manage them.

Next, the focus shifts to assessment and evaluation. This layer entails quantifying the risks identified in the previous step and understanding their potential impact on the organization. Proper assessment ensures that resources are allocated efficiently and that organizations can prioritize risk management activities effectively.

Following assessment, mitigation strategies are developed and implemented. These strategies are geared toward reducing the risk to acceptable levels. It is crucial to track and measure these mitigations over time to determine their effectiveness.

The next layer involves continuous monitoring and review. This layer is integral to the overall risk management process, as it allows organizations to adapt to new threats and changes in the risk landscape.

Finally, the top layer represents governance and oversight, which ensures that risk management practices are aligned with organizational goals and regulatory requirements. This layer emphasizes the need for accountability and decision-making related to risk.

Understanding the ordering of these elements helps practitioners in risk management to create a comprehensive and effective strategy for identifying,