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Definition

organization's or stakeholder's readiness to bear the risk after risk control in order to achieve its objectives

 

This is a concrete item and can be implemented directly

Term: risk tolerance; 
Plural: risk tolerances; 

Notes

Note 1 to entry: risk tolerance can be influenced by legal or regulatory requirements.

Examples

Diagrammatic representation

Simple graph - risk tolerance

Required associations

a number of residual risks is within one or more risk tolerances
one or more risk tolerances determines acceptabiltity of a number of risks

Optional associations

a number of risk tolerances specifies levels for a number of risk controls

Generalisations

risk tolerance

Specialisations

risk tolerance