A typical bug tracking process involves several steps: 1. Identification: Bugs are identified by users, testers, or automated systems. 2. Recording: Bugs are logged into a bug tracking system with detailed information. 3. Prioritization: Bugs are prioritized based on their impact on the system and business. 4. Assignment: Bugs are assigned to appropriate team members for resolution. 5. Resolution and Verification: Bugs are fixed and verified through testing. 6. Closure: Once verified, the bugs are marked as closed.