Risk and Insurance Management Society (RIMS) Certified Risk Management Professional (CRMP) Practice Exam

The immediate step that follows the collection of internal and external information about the organization is organizing that information. This activity is essential because it helps the risk management professional structure and categorize the data in a way that makes it easier to analyze and interpret.

Organizing the information involves classifying it according to relevant criteria such as risk categories, timeframes, or sources, which sets the foundation for thorough analysis. Once the information is organized, it becomes more manageable and allows the risk manager to identify patterns, trends, and relationships that might not be apparent in a raw data format. This organized structure is critical to progressing to the next stages of the risk management process, where analysis, prioritization, and reporting can take place effectively and efficiently.

Ultimately, the organization of information is a prerequisite for performing further tasks such as analysis and prioritization, enabling a systematic approach to risk management.