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Decisions:

  • Accept:  acknowledge the risk, but do not take any action before it hits
  • Mitigate: take measures to reduce the probability of occurrence or the potential damage
  • Avoid: do something else without this risk, e.g. nothing
  • Transfer: let someone else take care of it, e.g. insurance
  • (Deny the risk: not allowed to choose, but many managers do this nevertheless...)



Probability of occurrence Potential damageDecision    Reasons

Financial
1

GAFAM


  • Low   
  • Medium
  • High
  • Very high
  • Accept
  • Mitigate
  • Avoid
  • Transfer
  • Deny

2

Competing technology





3

Environmental cost





Legal4

Governments Rules





5

International Compatibility (ex. GDPR)





Strategic6

Dependency 





7

Intermediaries





8

Acceptance





9

Engagement (Governance Rules)





10

Usability





11

Interoperability (Standards and Protocols)





12

Integration





13

Communication (Marketing)





Security14

Physical vulnerabilities (Device lost)





15

Protecting sensitive data






percentage of occurrence  Probability



100



90



80



70



60



50



40



30
e.g. Physical vulnerabilities (Device lost)

20



10



percentage of occurrence  Probability / Potential damageLowMediumHighVery High
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