Risk Appetite

Former Member — Thu, 29 Aug 2013 05:54:31 GMT

Hello Experts,

Could anyone explain the purpose of the Risk Appetite that we are defining for the Organization.

Is it,

>Just to indicate the risk appetite of that particular organization? or

>Does it have any impact on the analysis of risks for that organization? or

>Does it trigger any notification/workflow if any risk violates such thresholds that are defined for the risk appetite?

Thanks in Advance

Regards,

Ramakrishna Chaitanya

Re: Risk Appetite

Former Member — Wed, 04 Sep 2013 14:03:35 GMT

Hi Ramakrishna,

As far as I know, this only serves for documentation and reports. I have done some RM implementations and never the risk appetite impacted.

Hope this helps!

Regards,

Kusuke