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Category: Risk Domain
| # | Name | Description |
|---|---|---|
| 1 | Data Quality Risk | Risk Domain: Data Quality Risk Data quality risk refers to the risk of inaccuracies, incompleteness, inconsistency, or unreliability in the organization's data assets. It encompasses the potential adverse impact on business decisions, operations, and regulatory compliance resulting from poor-quality data. Data quality issues can arise from various sources, including data entry errors, system limitations, inadequate validation processes, and lack of data governance controls. Importance of D ... |
| 2 | Liquidity Risk | Liquidity risk is the risk that a company or financial institution will not be able to meet its short-term obligations. This can be caused by a number of factors, such as a sudden decline in the value of its assets, a decrease in its cash flow, or an increase in its liabilities. Liquidity risk can have a number of negative consequences for a company or financial institution. If it is unable to meet its short-term obligations, it may be forced to sell its assets at a loss, which could further red ... |
| 3 | Supply Risk | Supply Risk is the risk of disruption to the supply of goods or services to an organization. This can be caused by a variety of factors, such as natural disasters, political instability, or economic crises. Supply Risk can have a significant impact on an organizations operations, and can lead to lost revenue, increased costs, and damage to its reputation. There are a number of ways to manage Supply Risk. One approach is to diversify the supply chain, so that the organization is not reliant on a ... |
| 4 | Reputational Risk | Reputational risk is the risk of damage to an organizations reputation, which can lead to financial loss, loss of customers, and other negative consequences. Reputational risk can be caused by a variety of factors, including product recalls, data breaches, employee misconduct, and other negative events. There are a number of ways to manage reputational risk. One important step is to have a strong corporate culture that emphasizes ethics and compliance. Organizations should also have a crisis man ... |
| 5 | Business Risk | Risk Domain: Business Risk Business risk refers to the potential threats and uncertainties that may impact an organization's ability to achieve its strategic objectives, deliver value to stakeholders, and sustain long-term success. This risk domain encompasses a wide range of risks arising from internal and external factors that affect business operations, financial performance, reputation, and competitive position. Importance of Business Risk Domain: 1. Strategic Alignment and Objectiv ... |