Final answer:
To implement a vulnerability management procedure, a business impact analysis should be completed first, followed by a risk identification process and system assessment.
Step-by-step explanation:
In order to implement a vulnerability management procedure, a company should first complete a business impact analysis. This analysis helps identify the potential consequences of security risks on the company's operations and resources. By understanding the impact, the company can prioritize and allocate resources effectively.
Once the business impact analysis is completed, the company can then proceed with a risk identification process. This process involves identifying and documenting all potential vulnerabilities within the organization's systems and infrastructure.
After the risk identification process, the company can initiate a system assessment. This assessment evaluates the current security measures, identifies weaknesses, and determines the overall security maturity level.