As part of the ISO 31000 risk management process, ‘monitoring and review’ is best thought of as which of the following?
A . An extra stage.
B. A feedback loop.
C. Part of risk assessment.
Answer: B
Explanation:
According to 3, clause 6.5., monitoring and review “is intended as a feedback loop for checking whether any change has occurred either internally or externally that may affect performance against objectives”. It helps to ensure that the risk management process remains relevant and effective over time.
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