Risk appetite: Difference between revisions
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imported>Doug Williamson m (Spacing and category added 20/8/13) |
imported>Martin ODonovan (Add link to IRM guidance) |
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* [[Risk register]] | * [[Risk register]] | ||
* [[Risk tolerance]] | * [[Risk tolerance]] | ||
== Other links == | |||
[http://www.theirm.org/knowledge-and-resources/thought-leadership/risk-appetite-and-tolerance/ Risk appetite and risk tolerance: Practical guidance], www.theirm.org | |||
[[Category:Risk_Management]] | [[Category:Risk_Management]] | ||
Revision as of 09:22, 30 May 2014
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.
See also
Other links
Risk appetite and risk tolerance: Practical guidance, www.theirm.org
