Hello. I have a question about the purpose of the following states in a Risk form: Respond, Review and Monitor.
When a Risk Owner selects the Risk Response type (mitigate, avoid etc.) it generates a Risk Response task where a Risk Owner puts the Plan and asks to review it. Do I understand correctly that the purpose of Risk Response task is only to capture and approve the Action Plan? If yes, when happens the plan realization? As once a Risk Owner closes the Risk Response task, the plan is populated into the Plan field under the Response tab,and the Risk Form is auto moved to Review state.
What happens at the Review state? Who performs the review? What is being reviewed? Where do we understand that the Action plan has been performed and what are the outcomes from it?
After the Review the Risk Owner moves it to Monitor state, where I assume the Risk Owner performs the nurturing. Can you please share any process guidelines? Thank you!
