Topic № 54
Integrated Risk Management

Integrated risk management (IRM) is a set of practices and processes supported by a risk-aware culture and enabling technologies, that improves decision making and performance through an integrated view of how well an organization manages its unique set of risks.

What is an integration risk?

Integration risk is the potential for integration of technology, processes, information, departments or organizations to fail. ... Poorly designed data integration between two technologies leads to data problems that disrupt critical operational processes.

What are the 3 types of risks?

Widely, risks can be classified into three types: Business Risk, Non-Business Risk, and Financial Risk.