This post is part of the Content Is The Web risk management series.
Update, 13 Sept 2014: I finally got around to adding in the five steps a risk goes through.
Risk management replaces your old sign-off process. As part 2 explained, it changes what you ask as you work though content with other people. Once you have a big pile of information from these risk reporters, this post explains how to sort through it all. The next post introduces some of the tools you’ll use.
The risk management framework makes the entire process as objective as it can be. It rates each risk’s likelihood and consequence on separate scales, then produces a severity measurement. This determines how acceptable the risk is (or isn’t), and shows you what risks are most important.