What process assesses all risks within an organization, along with their frequency and severity?

The process that assesses all risks within an organization, along with their frequency and severity, is known as risk assessment. This process involves identifying potential hazards, evaluating the likelihood of these risks occurring, and determining the impact they could have on the organization. Risk assessment enables businesses to prioritize their risks based on these factors, thereby allowing them to implement effective strategies for risk mitigation.

Profiling typically refers to the process of creating a detailed description of individuals or groups, often for analytical or marketing purposes, rather than assessing organizational risks comprehensively. Benchmarking involves comparing certain metrics or processes against industry standards or best practices to identify areas for improvement, while SWOT analysis focuses on evaluating an organization's strengths, weaknesses, opportunities, and threats, but does not specifically quantify risks. Therefore, risk assessment is the most appropriate term for the described process of evaluating organizational risks.