What should be initiated after identifying risks in an assessment?

After identifying risks in an assessment, the next logical step is to prioritize and develop mitigation strategies. This process involves evaluating the identified risks based on factors such as their potential impact, likelihood of occurrence, and the resources available for response. By prioritizing, organizations can focus on the most significant risks first, ensuring that resources are allocated efficiently and effectively.

Developing mitigation strategies is essential, as it outlines clear actions to manage, transfer, accept, or reduce the risks. This structured approach allows organizations to prepare for potential impacts, thereby enhancing their resilience and reducing the likelihood of adverse outcomes.

The other options do not represent effective practices following risk identification. Initiating immediate risk responses without a plan can lead to hasty decisions that may not address the root causes of risks. Regular meetings about unrelated activities do not contribute to addressing risks systematically. Complete avoidance of all risks is impractical, as some risks may be necessary to accept in pursuit of business objectives. Thus, prioritizing and developing mitigation strategies after identifying risks is crucial for effective risk management.