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What two guiding principles for resource management does AFIMS contain?

planning, resource identification and management


Part of step 5 of the composite risk management process to ensure compliance with the guiding principles except?

Money


What are the questions asked as part of step 5 of the RM process to ensure compliance with the guiding principles?

Step 5 of the Risk Management (RM) process typically involves evaluating the effectiveness of controls and ensuring compliance with guiding principles. The questions asked in this step often include: Are the established controls adequate to mitigate identified risks? Are the controls being implemented effectively and consistently? How do we measure compliance with the guiding principles? Additionally, what evidence is available to demonstrate compliance, and how frequently is compliance reviewed and updated?


What step 5 of the RM process to ensure compliance with the guiding principles except?

Step 5 of the Risk Management (RM) process typically involves monitoring and reviewing the effectiveness of risk management strategies and controls. This step ensures compliance with guiding principles by assessing whether the implemented measures are functioning as intended and adapting them as necessary. It does not include the initial identification of risks or the development of risk responses, which are addressed in earlier steps of the RM process. Instead, it focuses on continuous improvement and alignment with established guiding principles.


Ask all of the following questions as part of a step 5 of the crm process to ensure compliance with the guiding principles except?

risks