Risk assessment vs. risk analysis vs. risk management

While there are different definitions of the above, here's the simplest:

• A risk analysis involves identifying the most probable threats to an organization and analyzing the related vulnerabilities of the organization to these threats.
• A risk assessment involves evaluating existing security and controls and assessing their adequacy relative to the potential threats of the organization.
• Risk management is the systematic application of management policies, procedures and practices to the tasks of establishing the context, identifying, analyzing, evaluating, treating, monitoring and communicating risk.