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Dictionary by pitch.dog
Enterprise risk & controls · Core

Impact

Also called: severity

ELI5

The assessed consequence if a risk event occurs.

Used in conversation

“Add impact to the risk register with an owner and mitigation.”

Pitch context

You will see “Impact” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches enterprise risk & controls.

Why it matters: In enterprise risk & controls, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Connected terms

  • OutcomeAn outcome is a nearer-term change; impact is a broader or longer-term effect, with causal claims requiring evidence.
  • ImpactThe same visible label “Impact” names different concepts.
  • SeverityThe search label “severity” can route to both entries.
When the words have to travel

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Sources & evidence · 3

Direct term-level sources and supporting source families.