The impact of an event should be established to effectively assist in which stage?

Determining the impact of an event is crucial when developing risk mitigation options. Understanding how an event could potentially affect an organization helps in prioritizing risks based on their severity and the potential consequences. When the impact is clear, it guides the creation of strategies that effectively address these risks. This allows organizations to allocate appropriate resources, implement effective controls, and design action plans tailored to minimize those impacts.

In contrast, the stages of identifying people at risk and understanding vulnerabilities focus more on recognizing specific threats and weaknesses rather than the potential consequences of an event. Likewise, analyzing statistical trends relates to evaluating data over time to understand patterns but does not directly inform the creation of effective risk mitigation strategies. Thus, establishing the impact of an event is integral during the development of risk mitigation options, as it ensures that the response is proportional to the risk involved.