Loss events
Loss Events are used to track operational losses that occur in any part
of an organization. Loss Events are typically stored under the Business Entity where the loss
occurred. The Loss Event objects are used to track, assess, and manage the related internal loss
data. You can add multiple impacts and recoveries for each Loss Event by using the Loss Impact and
Loss Recovery objects. Loss Event, Loss Impact, and Loss Recovery objects can also be created in IBM®
OpenPages® Loss Event Entry.
Your organization might call loss events operational events,
risk events
, or incidents.