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Risk Appetite | Definition(s)
Risk appetite is the level of risk that an organization can tolerate. Evidently (is willing to accept) in pursuit of its objectives, before action is deemed necessary to reduce the risk. It represents a balance between the potential benefits of innovation and the threats, where, risk appetite can vary based on a number of factors, such as: - industry, - culture, - competition, - Aggressiveness (of the pursued objectives), - Strength and Capabilities (financial), etc. It’s recommended to re-assess risks appetite periodically or continuously, as the Risk appetite is not fixed, and can change over time depending on the circumstances, available resources, skills, technologies or systems.
Risk appetite is the level of risk that an organization can tolerate. Evidently (is willing to accept) in pursuit of its objectives, before action is deemed necessary to reduce the risk. It represents a balance between the potential benefits of innovation and the threats, where, risk appetite can vary based on a number of factors, such as: - industry, - culture, - competition, - Aggressiveness (of the pursued objectives), - Strength and Capabilities (financial), etc. It’s recommended to re-assess risks appetite periodically or continuously, as the Risk appetite is not fixed, and can change over time depending on the circumstances, available resources, skills, technologies or systems.
PM Dictionary - Editing Team
Risk appetite is the level of risk that an organization can tolerate. Evidently (is willing to accept) in pursuit of its objectives, before action is deemed necessary to reduce the risk. It represents a balance between the potential benefits of innovation and the threats, where, risk appetite can vary based on a number of factors, such as: - industry, - culture, - competition, - Aggressiveness (of the pursued objectives), - Strength and Capabilities (financial), etc. It’s recommended to re-assess risks appetite periodically or continuously, as the Risk appetite is not fixed, and can change over time depending on the circumstances, available resources, skills, technologies or systems.
Risk appetite is the level of risk that an organization can tolerate. Evidently (is willing to accept) in pursuit of its objectives, before action is deemed necessary to reduce the risk. It represents a balance between the potential benefits of innovation and the threats, where, risk appetite can vary based on a number of factors, such as: - industry, - culture, - competition, - Aggressiveness (of the pursued objectives), - Strength and Capabilities (financial), etc. It’s recommended to re-assess risks appetite periodically or continuously, as the Risk appetite is not fixed, and can change over time depending on the circumstances, available resources, skills, technologies or systems.
PM Dictionary - Editing Team
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