The assessment context defines the boundaries and scope of a risk assessment by identifying what will be included or excluded, such as assets, processes, or business units.
Components of Context:
Clearly specifies geographical, organizational, and operational scope.
Determines external and internal factors influencing the risk assessment.
Importance:
Provides clarity on what needs to be assessed and ensures stakeholders align their expectations.
References:
EC-Council CISO Handbook on Risk Management Frameworks.
CFocus Software Guidance on Risk Assessment Boundaries​.
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