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

The type of control that can be applied following the implementation stage of Operational Risk Management (ORM) is monitoring and supervision. This phase is crucial because it involves the ongoing assessment of the processes and controls that have been put into place. By monitoring and supervising these actions, organizations can ensure that they are operating as intended and can quickly identify any deviations or failures.

Monitoring involves regularly checking that risk controls are effective and that all team members are following the established procedures. This continuous oversight allows for timely adjustments and corrections to be made, maintaining the effectiveness of the risk management strategy. Supervision complements monitoring by providing leadership and guidance, ensuring that everyone involved is on track and understands their roles and responsibilities within the ORM framework.

The other options represent important concepts but are not as directly aligned with the ongoing control measures that occur after implementation. Evaluation of performance relates to assessing the success of the ORM processes rather than directly controlling them. Reassessing probabilities is an important component of risk management but typically occurs as part of the risk assessment process rather than as a control mechanism after implementation. Conducting interviews can be a helpful method for gathering feedback or insights, but it does not serve as a direct control measure for ongoing operations.