A-Z Popular Blog Risk Analysis Search »
Risk Analysis
 Advertisements

15 Examples of Risk Objectives

 , December 31, 2022
Risk objectives are targets for risk management and any other efforts to reduce the costs of risk. These are typically framed in terms of measurable business benefits as follows.

Risk Exposure

Risk exposure is an estimate of the probable cost of a risk.
Reduce 5-year IT risk exposure by 37% to $1.3 million by mitigating legacy system risks.
Reduce revenue risk for new releases with audience testing strategies. Target: exceed revenue forecasts by 5% or more.
Reduce project risk by validating project estimates using reference class forecasting. Target: schedule and budget within 5% of target for all projects.
Reduce future environmental liability by $4.4 by managing environmental risks.
Reduce estimated future operational costs by $14.5 by managing risks to critical infrastructure and facilities.

Cost of Risk

Cost of risk includes all losses due to risk plus the cost of managing risk. For example, this would include costs such as insurance that are used to transfer risk.
Reduce the cost of IT risk to $2 million per year.
Reduce the cost of fire risk to our home to $50 a month.

Maximum Risk Exposure

Targets for the maximum impact of a risk, regardless of probability. This is a common type of objective where businesses and individuals are concerned with reducing a worst-case scenario.
Cap maximum losses related to construction material damage at $100,000 a month with risk mitigating controls.
Limit my maximum possible nominal investment losses to 20% this year.

Risk Probably

Reduce the probability of a risk.
Reduce the probably of a kitchen fire at the facility by 50%.
Reduce the probably of inherent risk towards zero with financial controls.

Risk Impact

Reduce the impact of risks that do occur.
Reduce serious injuries to zero with safety protocols, monitoring and equipment.
Reduce the revenue impact of data center outages by 80%.

Compliance

Compliance to risk management related audits and regulations.
Achieve _____ compliance by Q4 2034.
Close issues #54 and #42 in the ____ audit to achieve ____ certification.

Risk Analysis

This is the complete list of articles we have written about risk analysis.
Acceptable Risk
Comparative Risk
Cone Of Uncertainty
Cost Of Risk
Extreme Value Theory
Hazard
Impact Analysis
Moment Of Risk
PESTEL Analysis
Probability-Impact Matrix
Qualitative Risk
Relative Risk
Revenue Impact
Risk Analysis
Risk Capacity
Risk Characteristics
Risk Costs
Risk Decision
Risk Estimates
Risk Evaluation
Risk Exposure
Risk Identification
Risk Impact
Risk Management
Risk Matrix
Risk Measures
Risk Objectives
Risk Perception
Risk Planning
Risk Probability
Risk Profile
Risk Register
Risk Treatment
Risk Triggers
Risk Value
Risk-Reward Ratio
Threat
Uncertainty
If you enjoyed this page, please consider bookmarking Simplicable.
 

Risk Analysis

A complete guide to risk analysis.

Risk Exposure

A definition of risk exposure with example calculations.

Risk Capacity

An overview of risk capacity with examples.

Risk Meaning

The meaning of risk with examples.

External Context

An overview of external context with examples.

Internal Context

An overview of internal context with examples.

Risk Impact Examples

A list of common risk impacts with a few detailed examples.

Risk Costs

An overview of risk costs with a list of examples.

Risk Characteristics

The basic characteristics of risk.

Risk Measures

A list of the common measurements for business risk.

Risk Decision

An overview of risk decisions with examples.

Revenue Impact

An overview of revenue impact with positive and negative examples.

PESTEL Analysis

An overview of PESTEL analysis with examples.

Risk Identification

The basics of risk identification.

Risk Intelligence

A definition of risk intelligence with illustrative examples.

Risk Register

A guide to creating a risk register with an example.

Risk vs Hazard

The difference between a risk and a hazard with examples.

Hazard

The definition of hazard with examples.

External Risk

The definition of external risk with examples.

Brand Risk

The common types of brand risk.

Risk Planning

An overview of risk planning with examples.
The most popular articles on Simplicable in the past day.

New Articles

Recent posts or updates on Simplicable.
Site Map