During an annual review of the system design, an engineer identified a few issues with the currently released design. Which of the following should be performed next according to best practices?

The correct answer is Change control process. When an engineer identifies issues with a released system design during an annual review, the next step is to initiate a change control process. This structured process ensures that any proposed modifications are properly documented, reviewed, approved, tested, and implemented, minimizing negative impacts and maintaining system integrity. Risk management process is a broader activity that identifies, assesses, and mitigates risks, but it's not the direct next step for addressing identified design issues in an already released system. The Product design process is typically completed before release and focuses on initial design creation, not post-release modifications. A Design review process is part of the initial design phase or a periodic check, but once issues are found and changes are needed for a released product, the change control process takes over.