IRM, is there an IRM glossary / taxonomy?

[Raphael Moore]

Is there a reference that describes ServiceNow's , use of terms:  Issue, Risk, Risk Event, Risk Scenario, etc.
thanks

[Tanushree Maiti]

Issue : As a GRC user, you can manually create issues to document policy, risk, or audit observations, or to accept any GRC problems. You can also identify the source of the issue to help analyze and classify the issues.

Refer: Manually create GRC issues 

Risk:

Risk Event: Report risk events and monitor their workflow to prevent losses in your organization.

  refer: Use Risk Events 

Risk Scenario: Refer : Looking for Real-World GRC / IRM Practice Scenarios or POCs 

All details you will get  in

 IRM Risk Management > Implementing risk libraries (risk taxonomies) for a solid risk mgmt. foundatio...

IRM Risk Management > How to implement it in your organization (with video tutorials)

[SohamTipnis]

Hi @Raphael Moore,

In ServiceNow IRM/GRC, these terms follow standard risk management meaning rather than a single fixed glossary. A risk is a potential future uncertainty that may impact business objectives. A risk scenario explains how that risk could occur and what impact it might have. A risk event is when the risk actually happens (or nearly happens), capturing real-world impact or loss. An issue is a confirmed problem or control failure that needs to be fixed. In short, risk is potential, risk event is occurrence, and issue is something that requires remediation.

Let me know if it helps!!! 

If you find my answer useful, please mark it as Helpful and Correct. ‌‌‌‌😊

Regards,
Soham Tipnis
ServiceNow Developer || Technical Consultant
LinkedIn: www.linkedin.com/in/sohamtipnis10