Final answer:
Protecting is not a step in risk analysis, but rather part of risk management, which comes after identifying, predicting, and reviewing risks.
Step-by-step explanation:
The step that is NOT a part of risk analysis is Protecting. Risk analysis typically involves the following steps: identifying potential risks, predicting the impact and likelihood of those risks, and reviewing the process to make improvements. However, Protecting is not a step in risk analysis; it is associated with risk management, which is the implementation of strategies to manage risks once they have been analyzed.