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Risk management
CIMA’s Risk Management Cycle
Risk management should be a proactive process that is an integral part of strategic
management.
Establish risk Business
management Strategy
group and set
goals
Identify Risk
Areas
Review and Understand and
refine process assess scale of
and do it again risk
Risk
Management
Development of
Implementation risk response
and monitoring strategy
of controls
Implement strategy
and allocate
responsibilities
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