top » risk » risk planning » risk trigger

62 Examples of a Risk Trigger

John Spacey, updated on August 22, 2023

A risk trigger is an event or condition that causes a risk to occur. Risks are the potential for something negative to happen. A trigger is the root cause of such events. If you identify a risk that weather will close your business, an approaching hurricane may be the trigger that causes the risk to occur. The following are common examples of risk triggers.

Audits	Budget overruns
Changing customer needs	Changing customer perceptions
Changing suppliers	Changing your terms & conditions
Culture change	Customer conflict
Cutting costs	Delays
Demographic change	Design changes
Disputes	Disruptive innovation
Dissatisfied customers	Employee absenteeism
Employee turnover	End of support for a product
Equipment failures	Errors & mistakes
Exchange rate volatility	Geopolitical conflict and tensions
Increased competition	Increased costs
Increasing interest rates	Inflation
Infrastructure outages	Labor actions
Low performance	Maintenance & repairs
Material changes	Mergers & acquisitions
Natural disasters	Negative press
New competition	New product features
New regulations	Partner bankruptcy
Patent expiration	Policy changes
Political instability	Poor reviews
Press releases	Price changes
Process changes	Process failures
Product launches	Quality control failures
Rebranding	Recessions
Social change	Software failures
Stock market crashes	Strategy changes
Supplier bankruptcy	Supply chain disruptions
Supply shortages	System changes
System outages	Technological change
Trade agreements	Weather events

In some cases, risk triggers are identified in advance as part of risk analysis. In other cases, the exact triggers of a risk may be unknown in advance. For example, an organization may be aware of reputational risks but may not be able to identify exact triggers such as a customer who posts a popular video of poor customer service.

62 Examples of a Risk Trigger

Trending