Risk Approval:
Delayed Network Routing Gear Upgrade
Instructions: Select risk in matrix (X) & edit blue wording.
Date:
What's at stake?
We are delaying the upgrade of end-of-life network routing gear by 12 months due to a 20% drop in company revenue.
Potential Impact
Network outages impacting critical business systems, customer-facing services, and internal communications.
Next Check-In
Reassess in 12 months or sooner if performance degrades.
Who's Signing Off?
Executive Risk Committee
Why are we doing this?
We are accepting this risk to preserve cash flow and maintain profitability during a period of reduced revenue. The deferral enables the company to prioritize financial stability.
RISK APPETITE MATRIX
BENEFITS
Transformative> $10M
Strategic$1M - $10M
Significant$100K - $1M
Helpful$25K - $100K
Marginal< $25K
Negligible
<$25K
<$25K
Minor
$25k-100k
$25k-100k
Major
$100k-1M
$100k-1M
Critical
$1M-10M
$1M-10M
Catastrophic
>$10M
>$10M
RISK & EXPOSURE
| Level | Tolerance | Appetite |
|---|---|---|
| 5 | Extreme | Do not accept |
| 4 | High | Immediate Mitigation of Risk |
| 3 | Medium | Mitigation Strategy Required |
| 2 | Low | Operation Permitted |
| 1 | Minimal | Operation Permitted |
| 0 | None | Operation Permitted |
ASSESSED LEVEL: Select a cell...
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