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Definition of Impact | Office of the Chief Risk Officer
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(OCRO-only)</span></a></li></ul></li></ul></nav> </div> </section> </header><main class="page-content" id="page-content"><div data-drupal-messages-fallback class="hidden"></div> <div id="block-stanford-basic-content" class="system-main-block block-system block-stanford-basic-content"> <section class="node basic-page node--layout-full"> <div class="content"> <div class="jumpstart-ui--one-column"> <div class="main-region"> </div> </div> <div class="jumpstart-ui--one-column centered-container"> <div class="main-region flex-12-of-12"> <div class="field-block node-stanford-page-title block-layout-builder"> <div class="node stanford-page title string label-hidden"><h1>Definition of Impact</h1> </div> </div> </div> </div> <div class="jumpstart-ui--two-column flex-container centered-container"> <div class="left-region flex-lg-3-of-12"> <div class="menu-block main block block-menu navigation menu--main"> <h2 aria-hidden="true" class="visually-hidden" id="menu-blockmain-menu">Main 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href="/enterprise-risk-management-erm/key-definitions/definition-impact" aria-current="true"> Impact </a></li><li class="su-secondary-nav__item"><a class="su-secondary-nav__link" href="/enterprise-risk-management-erm/key-definitions/definition-risk-level"> Risk Level </a></li><li class="su-secondary-nav__item"><a class="su-secondary-nav__link" href="/enterprise-risk-management-erm/key-definitions/definition-inherent-risk"> Inherent Risk </a></li><li class="su-secondary-nav__item"><a class="su-secondary-nav__link" href="/enterprise-risk-management-erm/key-definitions/definition-integrated-review"> Integrated Review </a></li><li class="su-secondary-nav__item"><a class="su-secondary-nav__link" href="/enterprise-risk-management-erm/key-definitions/definition-risk-response"> Risk Response </a></li><li class="su-secondary-nav__item"><a class="su-secondary-nav__link" href="/enterprise-risk-management-erm/key-definitions/definition-likelihood"> Likelihood </a></li><li 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href="/enterprise-risk-management-erm/key-definitions/definition-mitigating-activities"> Mitigating Activities </a></li><li class="su-secondary-nav__item"><a class="su-secondary-nav__link" href="/enterprise-risk-management-erm/key-definitions/definition-monitoring-activities"> Monitoring Activities </a></li><li class="su-secondary-nav__item"><a class="su-secondary-nav__link" href="/enterprise-risk-management-erm/key-definitions/definition-residual-risk"> Residual Risk </a></li><li class="su-secondary-nav__item"><a class="su-secondary-nav__link" href="/enterprise-risk-management-erm/key-definitions/definition-sub-risk-owner"> Sub-risk Owner </a></li></ul></li><li class="su-secondary-nav__item"><a class="su-secondary-nav__link" href="/enterprise-risk-management-erm/riskonnect-reference-material"> Riskonnect Reference Materials </a></li><li class="su-secondary-nav__item su-secondary-nav__item--parent"><a class="su-secondary-nav__link" href="/enterprise-risk-management-erm/resources"> 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stanford-wysiwyg text-long label-hidden"><p><strong>Impact:</strong> The extent to which a risk event might affect the enterprise. 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