“Meeting Compliance Requirements” Please respond to the following:
Propose three factors that should be considered when designing policies for legal and regulatory compliance. Determine how each factor would minimize liability for the organization.
Outline the steps required in order to define what is needed to meet compliance requirements. Determine the most important step in this process and support your answer with a rationale,
“Developing Risk Management Best Practices” Please respond to the following:
Analyze a well-designed risk management plan to determine how it can prevent risk and control residual risk. Identify what you believe to be the most important step in the risk management process and explain why.
Construct two examples that demonstrate how qualitative and quantitative methods could be applied to measure risk and prioritize risk responses. Recommend two factors that should be considered when prioritizing risk responses.