Managing risk is key to the success of any initiative. Risk is considered to be inherent in any activity we do in project management and at any level. When it comes to risk tolerance definition, which of the following is the correct one?
A. The confidence level of key stakeholders and executive management in the risk management activities
B. Threshold or attitude of an organization towards the positive effects of risks on the organization's portfolio
C. Threshold or attitude of an organization towards the positive or negative effects of risks on the organization's portfolio
D. Threshold or attitude of an organization towards the negative effects of risks on the organization's portfolio
Answer:C
Managing risk is key to the success of any initiative. Risk is considered to be inherent in any activity we do in project management and at any level. When it comes to risk tolerance definition, which of the following is the correct one?
A. The confidence level of key stakeholders and executive management in the risk management activities B. Threshold or attitude of an organization towards the positive effects of risks on the organization's portfolio C. Threshold or attitude of an organization towards the positive or negative effects of risks on the organization's portfolio D. Threshold or attitude of an organization towards the negative effects of risks on the organization's portfolio