Final answer:
The question addresses the major initial steps in Operational Risk Management but does not specify what these steps are, only that they are covered in separate modules and considered highly significant.
Step-by-step explanation:
The question refers to the initial steps in Operational Risk Management (ORM), which is a process used in various fields to minimize risks. The ORM framework typically consists of several steps or functions, with the first two being particularly important. However, based on the information provided, it is not specified what these two functions are. It seems that these functions are considered so significant that they warrant an individual focus in separate modules of instruction or analysis. Although the third function is also valuable, the context suggests that the first two require more extensive discussion and are perhaps foundational to ORM practices.