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 | Risk Monitoring |
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Risk monitoring establishes routine surveillance of actual performance for comparison with specified performance measures. When risk treatment strategies are established, a monitoring regime is required to provide ongoing assurance of their effectiveness.
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Systems to monitor risks require careful selection, targeting and planning, as they absorb scarce resources. Selection of monitoring priorities will include consideration of:
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Continuous or frequent monitoring of selected risks, through checking particular factors and parameter is desirable for risks that could significantly damage and or impair the achievement of business objectives.
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