CHAPTER 8Overview of Risk Management for Master Data

In business, we recognize and are concerned about various types of risks, including financial, legal, operational, transactional, reputational, and many others. While these types of risks don’t represent formal risk taxonomy, it is easy to see that they all have some elements in common and are closely related. Unfortunately, more often than not various risk types are treated differently by different organizations within the enterprise, often without proper coordination between the organizations and without the ability to effectively recognize and aggregate the risks to understand the root causes and thus the most effective approaches to mitigate the risks.

This chapter offers a high-level overview ...

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