Risk Management: It takes care of both proactive and CONTINUOUS risk assessment. Risks for any system are regularly assessed, mitigation strategies are prepared until they don’t exist anymore or it has already occurred. Risk that has occurred is no more a risk. It becomes an ISSUE. MSF gives certain steps to plan, create and execute mitigation strategies.

They are:

• Identify the risk
• Analyze the risk to prioritize them
• Plan a schedule based on the priority
• Track what is done to manage the risk didn't HARM anything else and the risk has been taken care of. This status should be reported to the stakeholders from time to time.
• Risk controlling strategy.
• Note the lessons learnt from the risks that have been found out or even the ones which have become issues.

READINESS Management: It is a measure of current state versus the desired state. It is to track how much have we PROGRESSED over the period of time.

Risk Management: It takes care of both proactive and continuous risk assessment. Risks for any system are regularly assessed, mitigation strategies are prepared until they don’t exist anymore or it has already occurred. Risk that has occurred is no more a risk. It becomes an issue. MSF gives certain steps to plan, create and execute mitigation strategies.

They are:

Readiness Management: It is a measure of current state versus the desired state. It is to track how much have we progressed over the period of time.