In which state can indicators be created to continuously monitor a risk's exposure?

The state where indicators can be created to continuously monitor a risk's exposure is the "Monitor" state. This state is specifically focused on the ongoing evaluation and surveillance of risks over time. In the Monitor phase, organizations establish key risk indicators (KRIs) which are critical for assessing how well the risk management strategy is performing and to identify any changes in risk exposure as they occur.

Creating indicators in the Monitor state allows organizations to track risk levels continuously and respond proactively to any changes. This helps in making data-driven decisions and ensures that risk management efforts are effective and aligned with the organization's risk appetite. Monitoring can include reviewing trends and patterns in risk exposure that inform actions to mitigate risks when necessary.

The other states—Review, Respond, and Assess—have distinct purposes in the risk management lifecycle. The Review state typically involves analyzing previously collected data, the Respond state focuses on implementing actions to address identified risks, and the Assess state is concerned with evaluating and prioritizing risks based on their potential impact. While these states are essential for a comprehensive risk management approach, they do not specifically facilitate the creation of continuous monitoring indicators like the Monitor state does.