What aspect of risk management follows risk identification?

The correct choice is risk analysis, which logically follows risk identification in the risk management process. After identifying risks, it is essential to analyze these risks to understand their potential impact and likelihood. This analysis helps organizations prioritize risks according to their significance and determine how they may affect the achievement of objectives.

Risk analysis involves evaluating the nature, sources, and potential effects of identified risks. Techniques such as qualitative and quantitative analysis may be employed to assess each risk's severity and probability, helping to inform decision-making regarding which risks require immediate action or may be monitored over time.

While risk monitoring, risk resolution, and risk management planning are critical components of an overall risk management strategy, they occur either concurrently or subsequently after the risk analysis phase. Monitoring involves tracking risks over time, resolution pertains to the implementation of strategies to address risks, and planning involves outlining how to manage identified risks effectively, all of which come after determining the nature and level of these risks through analysis.