Processes and procedures to minimize risk are part of which component of the CRMF?

Control activities are essential components of a comprehensive risk management framework, such as the Cannabis Risk Management Framework (CRMF). These activities include the various processes and procedures that organizations implement to mitigate identified risks effectively. Control activities serve to ensure that the organization's risk responses are executed as intended and help maintain compliance with relevant regulations and industry standards.

In the context of the CRMF, control activities involve various strategies like segregation of duties, approvals, and verification processes, which are designed to manage and minimize risks associated with commercial cannabis operations. This proactive approach allows businesses to identify potential hazards early and develop methods to manage them effectively.

While risk analysis, incident management, and operational planning are vital aspects of risk management, they do not specifically focus on the implementation of processes and procedures aimed at reducing risks. Risk analysis involves identifying and assessing risks, incident management deals with responding to and recovering from adverse events, and operational planning focuses on achieving strategic goals. Therefore, control activities directly relate to the implementation of measures that minimize risk.