What type of control can be applied following the implementation stage of ORM?

Monitoring and supervision is a crucial type of control applied following the implementation stage of Operational Risk Management (ORM). After the strategies and measures have been implemented, it is essential to continuously oversee and supervise their effectiveness. This ensures that processes are functioning as intended and that any arising issues can be immediately identified and addressed. Monitoring allows for real-time adjustments to be made, enhancing the overall risk management posture of the organization.

In the context of ORM, monitoring typically involves tracking key performance indicators, compliance with risk controls, and measuring the outcomes against established objectives. This step is essential to ensure that the implementation yields the expected results and to determine if any modifications are needed to improve risk management effectiveness.

While evaluation of performance, reassessing probabilities, and conducting interviews are all relevant to the ORM process, they tend to focus on different aspects. Evaluation relates more to assessing overall effectiveness, reassessing probabilities involves a more analytical look at risks rather than control, and conducting interviews may be part of gathering data but doesn't directly pertain to the ongoing management of controls implemented during ORM. Hence, focusing on monitoring and supervision is the most relevant choice for ongoing control in the ORM framework.