Use consistent categories
Common categories make risk easier to compare across independent companies.
Record consequence and likelihood
Risk priority should reflect both potential harm and the probability of occurrence.
Assign an owner
Every material risk needs a person or function responsible for mitigation and review.
Connect controls to evidence
A policy alone is not evidence that a risk is controlled; monitoring, tests, logs, and review records are needed.
Review changes and dependencies
New vendors, products, content, regulations, and integrations can change the risk profile.
Methodology and limitations
This framework reflects the Reserve One Holdings operating perspective and should be adapted to the relevant industry, regulation, consequence, and company stage.