Which of the following are the initial steps required to perform a risk analysis process? Each correct answer represents a part of the solution. Choose three.

While asset valuation is a key part of the process, specifying 'hard costs' is too narrow and not a universally distinct initial step compared to the broader concept of determining asset value, which includes tangible and intangible aspects.

Evaluating potential threats to assets is a fundamental step in risk analysis, as it identifies what could potentially harm the organization's valuable resources and forms the basis for further assessment.

Estimating potential losses to assets by determining their value is crucial for understanding the financial and operational impact if a risk event occurs, allowing for informed decision-making regarding mitigation strategies.

Establishing the threats' likelihood and regularity helps in prioritizing risks, as it quantifies the probability of a threat materializing and affecting assets, guiding where resources should be focused.