Question

What method is used to implement controls in the rm process?

Answer 1

Convey a message by communication , organize, actualize, and coordinate the control's who, what, when, where, and how into Standard operating procedures, composed and verbal requests, mission briefings, and staff gauges with clear and straightforward execution requests.

Answer 2

Explanation:

To implement controls in risk management process, we can use following steps:

1) Identify risk and possible outcomes

2) Assessment of risk

3) Design the control mechanism and take decision

4) Implement Controls

5) Evaluate the outcome