How do you design and implement corrective and preventive actions for risk incidents?
When a risk incident occurs in your organization, you need to act quickly and effectively to minimize the impact and prevent recurrence. A risk incident is any event that threatens your objectives, resources, reputation, or compliance. How do you design and implement corrective and preventive actions for risk incidents? Here are some steps to follow.
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Pinpoint the root cause:Use tools like the 5 Whys or fishbone diagrams to uncover the true reason behind risk incidents. This helps you address the core issue and prevent future occurrences, ensuring a more stable work environment.### *Create and track action plans:Implement corrective and preventive actions using a SMART framework, assigning roles and tracking progress. This ensures that your team is clear on their responsibilities and can measure the success of their efforts