Boardish Glossary: Risk Quantification Terminology

The Boardish Glossary: Risk Quantification Terminology

The risk quantification process is crucial in order to help the board make financial decisions a lot quicker. To help you better understand the process, we compiled a comprehensive list of risk quantification terminology. These terms are divided into three categories: Filter Terminology, Dashboard Terminology, and Boardish Terminology.

Filter Terminology

Regulation Loss – The financial impact to the organisation in the event of being hit by regulation fines as a result of a threat or combination of threats to the organisation.

Sales Loss – The amount of sales lost as a result of a threat or combination of threats to the organisation.

Market Loss – The financial impact of losing market positioning as a result of a threat or combination of threats to the organisation.

Salary Loss – The amount of financial impact to salaries as a result of a threat or combination of threats to the organisation.

Dashboard Terminology

Total Threat Loss – The total risk of financial damage to your company as a result of the threat.

Solution contribution on-prem – How much financial impact the solution has in mitigating the chosen threat on premises.

On-prem exposure – The outstanding financial risk from threats on premise

Solution contribution in-cloud – How much financial impact the solution has in mitigating the chosen threat in the cloud.

In-cloud exposure – The outstanding financial risk from threats in the cloud.

Boardish Terminology

High-Impact Users – Users who are very affected or cannot perform their daily job roles or functions in the event technology in the organisation becomes unavailable.

Medium-Impact Users – Users who are affected and have to adapt their daily job roles or functions in the event technology in the organisation becomes unavailable.

Low-Impact Users – Users who are barely, or not affected in their daily job roles or functions in the event technology in the organisation becomes unavailable.

Relative Rate of Sales – The percentage of sales lost per day during closure or if a risk comes to fruition.

Threat Protection Factor – The performance effectiveness of the solution against the threat.

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