In Oracle Risk Management, when you want to identify Controls with the most Incidents, particularly where those Controls account for a significant percentage (like 80%) of all Incidents, you would apply the Pareto principle. This principle is also known as the 80/20 rule, where roughly 80% of the effects come from 20% of the causes. In this context, after importing a custom object that contains the number of incidents associated with each control into a transaction model, you would use the Pareto pattern filter. This filter will help you identify the subset of Controls that are contributing to the majority of Incidents, allowing you to focus on the most critical areas that need attention.

References:

• Oracle Advanced Controls Cloud Service documentation1.
• Overview of Oracle Advanced Controls2.

• Identify the organizations or business units: This involves determining the specific parts of the organization where the new controls will be applied. It is crucial to understand the scope of the controls within the organizational structure to ensure that the appropriate levels of review and approval are established.
• Identify users who will perform control review and approval: After defining the scope, the next step is to specify the individuals who will be responsible for reviewingand approving the controls. This includes assigning users to the roles that will have the authority to review and approve the controls at each required level.

References:The information provided is based on the Oracle Risk Management documentation, which outlines the processes for setting up approvals within the system123. These references detail the necessary steps and considerations for managing approvals and ensuring proper control within the Oracle Risk Management framework.

To correct an incorrect Risk-Control mapping, the following steps should be taken according to Oracle’s documentation:

• From the Data Load Workbench, select the Validation Errors tab.
• Select Fix Maps to access the mappings.
• In the Data Load Mappings screen, identify and fix any errors.
• Click Validate, and then click Save to apply the changes1.

References:

• Oracle Help Center provides a guide on fixing mapping errors in the Data Load Workbench1.
• The overview of Oracle Advanced Controls outlines the process of managing risk and compliance within Oracle applications2.