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E . Identify Specific Risks for the Selected Process: For the key process you selected ( e . g . , Order Management ) ,
E Identify Specific Risks for the Selected Process:For the key process you selected eg "Order Management" identify specific risks associated with its activities. These risks could include late order processing, incorrect order entry, etc.
F Map Risks by Impact and Likelihood:Map the identified risks for the selected process based on their inherent impact and likelihood of occurrence. Use a risk map to visually represent the risks. This will help you prioritize them.
GG Identify Controls: Based on the case facts provided, identify the controls actions management currently takes to mitigate the identified risks for the selected process. These controls can include procedures, policies, training, and monitoring.
H Determine techniques for assessing the effectiveness of the existing controls. Complete the last column in the riskcontrol matrixexhibit
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