Which process involves the systematic evaluation of business processes to identify potential threats?

The process that involves the systematic evaluation of business processes to identify potential threats is known as Risk Assessment. This process is crucial for organizations as it helps to identify vulnerabilities within business operations, assess the likelihood of various types of threats, and determine the potential impact these threats can have on the organization.

Risk Assessment typically includes several steps: identifying assets, evaluating risks associated with those assets, analyzing existing controls, and recommending measures to mitigate those risks. By thoroughly analyzing business processes, organizations can prioritize their efforts to safeguard their operations and make informed decisions on how to manage risks effectively.

While Business Process Modeling focuses on documenting and analyzing business processes for efficiency and functional design, and Business Impact Analysis is oriented toward understanding the effects of disruptions on business operations, Risk Assessment is specifically tailored to detecting potential threats. Change Management, on the other hand, deals with managing changes in an organization’s structure or processes but does not directly focus on threat evaluation within the ongoing business processes. Thus, Risk Assessment distinctly serves the purpose of identifying and addressing potential threats to business processes.