iso27diy-corp/Corpus/Sparks/Risk tolerance.md

10 lines
608 B
Markdown
Raw Blame History

This file contains ambiguous Unicode characters

This file contains Unicode characters that might be confused with other characters. If you think that this is intentional, you can safely ignore this warning. Use the Escape button to reveal them.

NIST gives [several definitions](https://csrc.nist.gov/glossary/term/risk_tolerance) of Risk tolerance. These are the most useful:
"The organizations or stakeholders readiness to bear the risk after risk treatment in order to achieve its objectives. Note: Risk tolerance can be influenced by legal or regulatory requirements."
"The level of risk that the Manufacturer is willing to accept in pursuit of strategic goals and objectives."
"The level of risk or the degree of uncertainty that is acceptable to an organization."
See also [Risk appetite](../💡Drafts%20and%20Ideas/Risk%20appetite.md)