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Risk Management Glossary

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This glossary defines risk management terminology used in enterprise risk programs, risk assessments, controls design, monitoring, governance, and mitigation planning.

  • Risk identification and categorization
  • Assessment methods and scoring
  • Controls, mitigations, and assurance
  • KRIs, monitoring, and reporting
  • Governance, appetite, and third-party risk

For risk managers, auditors, compliance teams, executives, and business owners who need consistent definitions for risk governance and assessment work.

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  1. Search for terms used in risk registers and control frameworks.
  2. Use definitions to standardize scoring and reporting practices.
  3. Reference terms when planning mitigations and reviews.

Definitions are informational; frameworks and terminology vary by industry, regulator, and organization.