During which phase of risk management are control measures developed?

The phase of risk management where control measures are developed is accurately identified as "Develop controls and make risk decisions." This phase is critical because it focuses on creating specific strategies to mitigate identified risks. During this process, risk managers assess the risks that have been identified and evaluate the potential effectiveness of various control measures. They not only design these controls but also make decisions on how to best manage the risks identified in earlier stages.

Developing controls involves looking at possible interventions such as policies, procedures, technologies, and training programs that can minimize or eliminate risks. This is a proactive step that ensures risks are addressed systematically, allowing the organization to safeguard its assets effectively.

Other phases, such as assessing risks and consequences, and identifying hazards and circumstances, relate to understanding and analyzing risks rather than creating controls. In the phase of implementing and assessing controls, the focus shifts to executing and evaluating the effectiveness of the controls already established, rather than their development.