Final answer:
Assigning probability levels to social media threats is part of the Identification phase in risk management, which helps in prioritizing and addressing risks effectively.
Step-by-step explanation:
Assigning probability levels to threats is an important step in risk management, which is integral to the role of a Social Media Strategist like Teri. Specifically, this task falls under the Identification phase of risk management. During this phase, each potential threat to the social media presence of the educational institution would be identified and analyzed for its likelihood of occurrence. This is crucial because it allows Teri to prioritize risks and dedicate resources appropriately to prevent or mitigate them. Assigning probability to threats helps in understanding the risk landscape and guides the subsequent phases of Prevention, Mitigation, and Response.