Control System Design

The fourth step in our structured approach to risk management is to design the control system. Once risks have been identified, assessed, and prioritized based on probability and impact, decision makers can determine which controls, if any, are needed to mitigate these risks.

Step 4: Implement the Controls


A control system embodies the elements of an organization that, taken together, support people in the achievement of the organization’s objectives. Controls are elements like resources, systems, processes, culture, structure, and tasks. For many people, “control” carries negative connotations because of associations ...

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