Meaning Risk acceptance
What does Risk acceptance mean? Here you find 4 meanings of the word Risk acceptance. You can also add a definition of Risk acceptance yourself
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Risk acceptanceIf the risk is within the enterprise's risk tolerance or if the cost of otherwise mitigating the risk is higher than the potential loss, the enterprise can assume the risk and absorb any losses
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Risk acceptanceA managerial decision to accept a certain degree of risk, usually for technical or cost reasons. [2382-pt.8]
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Risk acceptanceAn informed decision to accept a risk within the context of any mitigations applied.
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Risk acceptanceInformed decision to take a particular risk.
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