Risk appetite: Difference between revisions
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imported>Administrator (CSV import) |
imported>Doug Williamson m (Spacing and category added 20/8/13) |
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Broadly the amount of risk that an organisation is willing to accept in pursuit of value, improved financial performance or of other benefits, with management responsible for setting boundaries or parameters for risk taking. | Broadly the amount of risk that an organisation is willing to accept in pursuit of value, improved financial performance or of other benefits, with management responsible for setting boundaries or parameters for risk taking. | ||
Any risk responses should be designed such that the 'net' (residual) risk after considering controls does | Any risk responses should be designed such that the 'net' (residual) risk after considering controls does | ||
not exceed these boundaries. | not exceed these boundaries. | ||
== See also == | == See also == | ||
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* [[Risk register]] | * [[Risk register]] | ||
* [[Risk tolerance]] | * [[Risk tolerance]] | ||
[[Category:Risk_Management]] | |||
Revision as of 14:12, 20 August 2013
Broadly the amount of risk that an organisation is willing to accept in pursuit of value, improved financial performance or of other benefits, with management responsible for setting boundaries or parameters for risk taking.
Any risk responses should be designed such that the 'net' (residual) risk after considering controls does not exceed these boundaries.
