Single Source of Truth

A concept emphasizing the importance of maintaining consistent, authoritative data sources for organizational decision-making. In RBPM, a single source of truth refers to having unified repositories for strategic objectives, risks, controls, and performance metrics, ensuring that all stakeholders work with the same information. Technology solutions supporting RBPM should provide this unified view, eliminating conflicting data versions that can undermine effective risk-based performance management. This contrasts with the fragmented, inconsistent information that often results from spreadsheet-based approaches.