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The four key actions used to develop controls and make decisions on risk control measures are:

  1. Risk Assessment: Identifying and analyzing potential risks to understand their impact and likelihood.
  2. Control Selection: Evaluating and selecting appropriate risk control measures based on effectiveness, feasibility, and cost.
  3. Implementation: Putting chosen control measures into action and ensuring proper communication and training for those involved.
  4. Monitoring and Review: Continuously assessing the effectiveness of implemented controls and making adjustments as necessary to improve risk management.
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3d ago

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