Which aspect of risk management does a risk treatment plan NOT typically cover?

In a risk treatment plan, the focus is primarily on the strategies and procedures that are already established to manage identified risks rather than on identifying new or future risks. The key goal is to address the risks that have been recognized through previous assessments, outlining how to either mitigate them, accept them, transfer them, or avoid them entirely.

The process of identifying potential future risks is an essential part of the broader risk assessment process, which precedes the creation of a risk treatment plan. This earlier phase includes conducting risk identification scenarios to recognize and understand the risks that could impact the organization down the line. However, once the risk treatment plan is in place, it is more concerned with existing and known risks and how to manage them effectively.

This distinction is crucial, as it highlights the different stages within the risk management process—where assessment lays the groundwork for treatment, but treatment plans don’t focus on anticipating new risks that haven't been identified yet.