Defining Relationships Between Entities
1. Risk-Control Relationship
- Many-to-Many relationship between Risks and Controls.
- Junction table to link Risks and Controls.
2. Risk-Incident Relationship
- One-to-Many relationship between Risks and Incidents.
- Each Incident is associated with only one Risk.
3. Report-Entity Relationship
- One-to-Many relationship between Reports and Entities (Risks, Incidents, Controls).
- Junction table to link Reports and Entities.
Database Design for Risk Management Systems
Risk management systems are integral components of businesses, financial institutions, and organizations across various industries, aiming to identify, assess, and solve risks that may impact operations, finances, and reputation. These systems depend on data analysis, modeling techniques and decision support tools to effectively manage risks and ensure business resilience.
In this article, we will learn about How Database Design for Risk Management Systems by understanding various aspects of the article in detail.
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