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  • Nexus publisher
  • Posted by Nexus publisher
October 30, 2026

Portfolio view of risk

A consolidated view of the amount and type of risk an organisation has assumed across all objectives and units, used to compare total exposure with risk appetite (COSO ERM principle 14).

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  • Nexus publisher
  • Posted by Nexus publisher
October 30, 2026

Control

A measure that maintains and/or modifies risk; controls may not always exert the intended or assumed modifying effect (ISO 31000:2018, 3.8).

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  • Nexus publisher
  • Posted by Nexus publisher
October 30, 2026

Risk appetite

The amount and type of risk an organisation is willing to pursue or retain in pursuit of its objectives; in COSO ERM it is set during strategy and objective-setting and used to prioritise risks.

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  • Nexus publisher
  • Posted by Nexus publisher
October 30, 2026

Governance, risk and compliance

In OCEG’s definition, the integrated collection of capabilities that enable an organisation to reliably achieve objectives, address uncertainty and act with integrity.

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  • Nexus publisher
  • Posted by Nexus publisher
October 30, 2026

Enterprise risk management

In COSO’s 2017 framework, the culture, capabilities and practices that an organisation integrates with strategy-setting and applies when carrying out that strategy, to manage risk in creating, preserving and realising value.

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  • Nexus publisher
  • Posted by Nexus publisher
October 30, 2026

Risk management

Coordinated activities to direct and control an organisation with regard to risk (ISO 31000:2018, 3.2).

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  • Nexus publisher
  • Posted by Nexus publisher
October 30, 2026

Risk

The effect of uncertainty on objectives; an effect is a deviation from the expected and can be positive, negative or both (ISO 31000:2018, 3.1).

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  • Nexus publisher
  • Posted by Nexus publisher
October 30, 2026

Integrated risk management

Managing all of an organisation’s risks through one governance structure, one shared taxonomy and one decision process, so that interactions between risks are assessed and treated together rather than in separate functions.

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  • Nexus publisher
  • Posted by Nexus publisher
October 30, 2026

Sendai Framework

The global agreement on disaster risk reduction adopted in Sendai, Japan, in March 2015 and endorsed by the UN General Assembly, with one outcome, one goal, seven global targets and four priorities for action to 2030.

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  • Nexus publisher
  • Posted by Nexus publisher
October 30, 2026

Residual risk

The disaster risk that remains even when effective disaster risk reduction measures are in place; it must be managed through preparedness, response and recovery capacities (UNDRR terminology).

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