Prompt

# 5-Step Risk Management Chain

## Step 1: Risk Identification
**Input:** Project or business context
**Task:** Identify potential risks
**Output:** Risk register

## Step 2: Risk Assessment
**Input:** Risk register
**Task:** Assess probability and impact
**Output:** Prioritized risk matrix

## Step 3: Risk Response Planning
**Input:** Risk matrix
**Task:** Develop mitigation strategies
**Output:** Risk response plans

## Step 4: Risk Monitoring
**Input:** Response plans
**Task:** Monitor and track risks
**Output:** Risk monitoring system

## Step 5: Risk Review & Update
**Input:** Monitoring data
**Task:** Review and update risk management
**Output:** Updated risk management framework

**Final Output:** Comprehensive risk management system