Project Management

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I am curious that how any Organization define Risk limit in any project?

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Anonymous
I am a Ph.D. student of Project Management and I have a question regarding project risk management
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Kiron Bondale Retired | Mentor| Retired Welland, Ontario, Canada
Defining how much risk the organization is willing to take with a given project usually relates to a few factors including:

1. The organizational risk appetite, often expressed as a risk appetite statement
2. The expected reward of doing the project
3. The individual risk biases and tolerances of the key decision makers

Kiron
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1 reply by anonymous
Jul 25, 2020 8:42 AM
anonymous
...
On the basis of which factors an organization defines its risk appetite statement?
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Anonymous
Jul 25, 2020 8:32 AM
Replying to Kiron Bondale
...
Defining how much risk the organization is willing to take with a given project usually relates to a few factors including:

1. The organizational risk appetite, often expressed as a risk appetite statement
2. The expected reward of doing the project
3. The individual risk biases and tolerances of the key decision makers

Kiron
On the basis of which factors an organization defines its risk appetite statement?
...
1 reply by Kiron Bondale
Jul 25, 2020 11:16 AM
Kiron Bondale
...
Risk appetite is a function of:

1. External regulatory factors
2. Risk appetite of their customers and other key stakeholders
3. Their brand
4. Their strategic objectives

Kiron
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Kiron Bondale Retired | Mentor| Retired Welland, Ontario, Canada
Jul 25, 2020 8:42 AM
Replying to anonymous
...
On the basis of which factors an organization defines its risk appetite statement?
Risk appetite is a function of:

1. External regulatory factors
2. Risk appetite of their customers and other key stakeholders
3. Their brand
4. Their strategic objectives

Kiron
...
1 reply by anonymous
Jul 25, 2020 11:20 AM
anonymous
...
Thanks For your response. Can we divide these factors into more subfactors or these categories into more subcategories?
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Anonymous
Jul 25, 2020 11:16 AM
Replying to Kiron Bondale
...
Risk appetite is a function of:

1. External regulatory factors
2. Risk appetite of their customers and other key stakeholders
3. Their brand
4. Their strategic objectives

Kiron
Thanks For your response. Can we divide these factors into more subfactors or these categories into more subcategories?
avatar
Sanna Ullah Research Associate | University of Engineering & Technology Lahore Lahore, Pb, Pakistan
Can we further divide these factors into sub-factors?

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