Access to IRM’s Risk Appetite and Risk Tolerance Guide added to PM World Library
22 February 2016 – Zagreb, Croatia – A new resource has been added to the PM World Library on the subject of Risk Management. The new resource is titled “IRM’s Risk Appetite and Risk Tolerance Guide.”
Risk appetite is a core consideration in an enterprise risk management approach. Risk appetite can be defined as ‘the amount and type of risk that an organisation is willing to take in order to meet their strategic objectives. Organisations will have different risk appetites depending on their sector, culture and objectives. A range of appetites exist for different risks and these may change over time.
While risk appetite means different things to different people, there is widespread consensus that a properly communicated, appropriate risk appetite statement can help organisations achieve their goals and sustain their operations. IRM’s guidance, while providing practical direction to facilitate debate in the boardroom, is far from the final word on the subject. It is however, a useful tool and source of information.
To access this new resource, go to https://pmworldlibrary.net/applications-and-industries/ click on “Risk Management”, and scroll down for access to the resource. Must be registered and logged in Professional Member to access.
Posted by: Dena Crnkovic
