Concept 5
Risk Acceptance
Knowingly living with a risk.
Risk acceptance means deciding to live with the risk because reducing it would cost too much or the risk is considered small.
The organization knowingly accepts the possible consequences.
Concept 5
Knowingly living with a risk.
Risk acceptance means deciding to live with the risk because reducing it would cost too much or the risk is considered small.
The organization knowingly accepts the possible consequences.