Validation Rules
Validation Rules in the context of Enterprise Risk Management (ERM) refer to predefined conditions or constraints within the software that ensure the accuracy, completeness, and consistency of data entered into the system. These rules help enforce business logic by restricting incorrect or incomplete risk-related inputs, such as missing risk ratings or improperly categorized incidents. By applying validation rules, organizations can maintain high data quality, which is critical for reliable risk assessments, reporting, and compliance. This feature reduces the likelihood of human error, supports regulatory requirements, and enhances decision-making by ensuring that only accurate and validated data is used in risk evaluations.
