Risk Categories

Categories of Risk

1. Technology - risks related to technology

2. Financial - a broad category of risk related to markets, investing, financing activities

3. Commercial

4. Shareholder

5. Strategic

6. Human Capital

7. Regulatory

8. Reputational

9. Brand

10. Compliance

11. Vendor

Technology risks can be further classified into:

1. Architecture Risk - Risk that the architecture fails to deliver the project requirements or outcomes

2. Budget Risk - Risk that the budget of the project is based on invalid assumptions or inaccurate estimates or forecasts

3. Facility Risk - Risk of failure of any facility hosting technology resources such as data center

4. Legacy System Risk - Risk due to legacy nature of system emanating from old or outdated technology, security vulnerabilities, skill scarcity etc.

Asset Class

It is the class of assets a risk may belong to. This classification will facilitate analysis of risks related to a particular asset class.

Asset class includes, but are not limited to:

1. Infrastructure (stack, IT Component)

2. Application

3. Data Entity

4. Intellectual Property

5. Business Process

6. Provider

7. Initiative (demand, project or program)