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62 Examples of a Risk Trigger

 , 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.
Budget overruns
Changing customer needs
Changing customer perceptions
Changing suppliers
Changing your terms & conditions
Culture change
Customer conflict
Cutting costs
Demographic change
Design changes
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
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
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.
Risk triggers can be positive things such as maintenance that have unintended consequences.
Overview: Risk Trigger
The root cause of a risk when it occurs.
Related Concepts
Next: Moment of Risk
More about risk analysis:
Acceptable Risk
Comparative Risk
Cone Of Uncertainty
Cost Of Risk
Extreme Value Theory
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
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