dendrogram (1)

Risk Taxonomies

A recent poll on whether enterprise risk frameworks should employ a risk taxonomy or not, seems to have turned out an encouraging result. Over 93% of risk practitioners voting gave a thumbs up for risk categorisation, with only a handful of souls repelling the concept.

In this posting we look at four steps to bring a risk taxonomy into operation and a Dendrogram Cluster Report model is demonstrated that shows how risk can be prioritize within a taxonomy.

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