What kind of formal decision making model does your organization have in place that allows risk-...
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What kind of formal decision making model does your organization have in place that allows risk- related information to be obtained or generated by the individuals in your organization in order to make a decision? Describe the system in detail, the steps within the system, and the tools and stakeholders involved. Evaluate the current system. What are the pros and cons of the system? Are there any blind spots in the system? If your organization does not have one in place, take this opportunity to design a formal system using the points above. What kind of formal decision making model does your organization have in place that allows risk- related information to be obtained or generated by the individuals in your organization in order to make a decision? Describe the system in detail, the steps within the system, and the tools and stakeholders involved. Evaluate the current system. What are the pros and cons of the system? Are there any blind spots in the system? If your organization does not have one in place, take this opportunity to design a formal system using the points above.
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Heres an example of a formal decisionmaking system with steps tools stakeholders and an evaluation of its pros cons and potential blind spots Formal DecisionMaking System RiskInformed Decision Framewo... View the full answer
Related Book For
Auditing A Practical Approach with Data Analytics
ISBN: 978-1119401742
1st edition
Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton
Posted Date:
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