operational risk
risk of loss resulting from inadequate or failed internal processes, people and systems or from external events
scarcity
fundamental problem of economics where there are limited resources to fulfill society's unlimited wants
legal risk
a subset of operational risk based on a business perspective, including legal liabilities and obligations incurred during business exploitation of opportunities
sales risk
all negative sales related reference values, which are associated with potential losses after the completion of the products
bottleneck
Situation in which overall output of a system is limited by a single component
reputational risk
potential loss to financial capital, social capital and/or market share resulting from damage to a firm's reputation
medical error
preventable adverse effect of medical care, whether evident or harmful to the patient or not
fatigue as safety concern
human tiredness as a major safety hazard, often considered an internal precondition for unsafe acts
misaligned goals in artificial intelligence
misbehaviors of artificial intelligent systems caused by faulty objective functions
negligence
failure to exercise the care that a reasonably prudent person would exercise in like circumstances
supply shock
an unexpected event that suddenly increases or decreases the supply of a commodity or service
settlement risk
risk that a counterparty (or intermediary agent) fails to deliver a security or its value in cash as per agreement
Automation surprise
unexpected action by an automated system
IT risk
any risk related to information technology, which may underlie an organization's business processes in varying degrees
supply chain attack
cyber-attack that seeks to damage an organization by targeting less-secure elements in the supply network
political risk
complications businesses and governments may face as a result of political decisions
collective action problem
situation in which all individuals would be better off cooperating but fail to do so because of conflicting interests between individuals that discourage joint action
process risk
a sub-component of operational risk, when ineffective or inefficient processes could lead to losses
breakdown
damage or breakage event that compromises the functioning of a system or a machine