The process of managing risks to organizational operations (including mission, functions, image, reputation), organizational assets, individuals, other organizations, and the Nation, resulting from…

Risk Management is the overarching process that involves identifying, assessing, and responding to risks, including developing mitigation strategies and continuously monitoring the security posture of information systems to protect organizational assets and operations. The definition accurately lists the key components of a risk management program.

'Procurement management' deals with acquiring goods and services from external sources, not the management of information system risks.

'Change management' focuses on controlling changes to systems or processes to minimize disruption, which is a specific aspect but not the entire risk management process.

'Configuration management' involves maintaining the consistency of a system's attributes throughout its life cycle, which is also a specific control, not the broad process of managing all risks.