If you deal with risk management in projects or in the company, then sooner or later you will encounter the terms Risk Attitude, Risk Appetite, Risk Tolerance and Risk Threshold. Do you know what we are talking about here? No? No problem, you won’t be alone. I’m sure this brief introduction will expand your knowledge. […]
In my last article: Successful Response Planning in Risk Management, you learned the basics of response planning in project risk management. Now you have to define the appropriate risk response strategy for the identified risks. With this strategy, you then react to your risks with effective actions. In this article you will learn about the […]
In the past, the term “Risk Appetite” was only used by academics. Since the financial and sovereign debt crisis of 2008-2011, however, we have been confronted with this term on a number of occasions. But what is the difference between “Risk Appetite” and “Risk Attitude”? There is often confusion about this and they are often […]