How much risk will your project take on? There are three similar measures we use. I want to explore the comparisons between: Risk Tolerance, Risk Appetite, and Risk Capacity.
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In Summary
• Risk appetite is about our willingness to take on a risk,
• Risk Tolerance is about our ability to cope with a risk, and
• Risk Capacity is about our ability to meet the costs of a risk
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⏱ Chapter Markers...
00:00 - Comparing Risk Appetite, Risk Tolerance, and Risk Capacity
00:21 - Can you distinguish Risk Appetite, Risk Tolerance, and Risk Capacity?
00:48 - Are there definitive definitions of Risk Appetite, Risk Tolerance, and Risk Capacity?
01:08 - We need working definitions of Risk Appetite, Risk Tolerance, and Risk Capacity
01:37 - Risk Appetite
02:09 - Risk Tolerance
02:39 - Risk Appetite vs Risk Tolerance
03:13 - Risk Capacity03:30 - Risk Capacity vs Risk Tolerance
03:55 - Summing up Risk Appetite, Risk Tolerance, and Risk Capacity
#Risk #ProjectManagement #Risk Management
