Indicators
What is Key Performance Indicator?
For a new product, the first step in the risk management process.
What is Identify potential risks?
Out of employee turnover, economic recession and outdated software, the external business risk is ____.
What is economic recession?
Suppliers' data breach affecting customers is an example of a _____.
The team uses personal phones for work emails, an example of _______.
What is data breach or loss of sensitive information?
This indicator warns about potential future risks.
What is Key Risk Indicator?
An identified risk of supply chain delays is managed by _____.
What is Assess the likelihood and impact of the delay?
A fire is an example of ______.
What is natural risk?
What is Operational Risk?
A phishing email tricks an employee into sharing login credentials, an example of ______.
What is cybersecurity risk?
The thing that assesses the accuracy and completeness of risk-reporting mechanisms is ____.
What is the process of identifying, assessing, and minimizing threats to a business?
A new competitor reducing sales adding to business risk is an example of ____.
What is Market Competition?
An example of reducing risk from digital communications like email and text is _____.
What is Use encrypted platforms and train employees on security protocols?
The thing measuring how many identified risks happened over the course of the project.
What is Number of Identified Risks That Occured?
Risks are prioritized by using the _____.
Risk matrix to identify severity and likelihood.
International risk factors to consider are _____.
What is Currency fluctuations, legal systems and cultural differences?
Corporations using public wifi to send client data is a ______ risk, mitigated by _______.
What is data interception (security risk) and use secure networks?
The risk-management thing that tracks how much contingency reserve was spent to manage the identified risks.
What is Percentage of Contingency Reserve Spent?
Competitor launching a similar product is defined as ____, and a response is to _____.
What is Strategic risk; respond by differentiating your product or improving marketing?
A supplier failing to deliver on time represents two risks, ______.
What is Operational risk and reputational risk?
What is legal risk and security risk?