Which of the following is the third step of the ORM process? Implement controls Develop controls and make risk decisions Execution Make reconnaissance

Question

Which of the following is the third step of the ORM process? Implement controls Develop controls and make risk decisions Execution Make reconnaissance
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Solution 1

The third step of the ORM (Operational Risk Management) process is "Develop controls and make risk decisions".

Here are the steps for clarity:

  1. Identify hazards.
  2. Assess hazards to determine risks.
  3. Develop controls and make risk decisions.
  4. Implement controls.
  5. Supervise and evaluate. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study probl
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve

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