My organisation uses a risk matrix to measure risk impact and we would like to review and update the financial column as the values don't really reflect the current potential impacts and the organisation's resilience to those impacts. My questions is - how have other organisations measured or specified levels of financial impact - is it a percentage of annual revenue budget (or reserves if you have any) or is it pegged to a different measurement or value? And how often do you review and revise the values and/ or the approach you take? Thank you.
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