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Acceptance Acceptance of risk means that it is acknowledged without measures to address the risk. This strategy is accomplished by introducing measures to eliminate / prevent the potential threat from For opportunities risk handling introduces exploitive measures to increase the probability of the event However, voluntary obligations tend to be seen as investments and measured against a ROI. The lack of available risk measures may demand choosing a different risk handling strategy. 5.

To succeed in the presence of uncertainty a balanced scorecard should include objectives and measures

identify risk, build a risk register, use a bow-tie analysis (or appropriate analysis tool), and identify measures respect to developing risk plans, estimating uncertainties, identification of risk, developing risk measures

Establishing measures to improve the probability to keep all your promises and meet all your obligations These costs will be much higher than the measures to buy-down risk in the first place.

second line provides expertise, advice and support to manage specific risks and to ensure that effective measures From this measures can be put in place to improve the probability of meeting those objectives. Audit seldom validates effectiveness of programs and systems as measured by the realization of targeted focus includes outcomes produced by the underlying systems and something that audit struggles with measuring

have created the Lean Compliance A3 format which incorporates the bow-tie analysis along along with measures

What we are doing is adequate - greater investment in risk and compliance is not needed as existing measures existing programs - risk and compliance programs have lacked effectiveness and further investment in measures

Measure and communicate value : develop metrics that demonstrate the tangible and intangible benefits of compliance initiatives (measures of effectiveness).

Agency always brings with it a measure of culpability. In theory, machines have a measure of agency to the degree they interact in the world. AI in this scenario is better described as an observer-participant which gives it a greater measure

There is one significant weakness of the feedback control loop which is that it requires outputs to be measured When it comes to risk and compliance objectives measuring outputs using a feedback-management-control

Measuring Compliance Success: Defining and measuring compliance success is essential. Compliance officers must identify opportunities for improvement and implement measures to achieve better

You also need to properly measure both the performance and effectiveness of the MOC process to know whether