The story
From reported to resolved.
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Own it. It lands with the right person.
Whoever is responsible picks it up, and everyone involved can see where it stands.
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Understand it. Look past what happened.
Find out why it happened, so the fix addresses the cause.
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Decide. Act or accept.
A corrective action with an owner and a due date, or a recorded decision that no action is needed.
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Close it. The record stays.
What happened, why, and what was decided, kept together for whoever needs it next.