View source for Risk Appetite

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| '''1.''' [[Risk|Risk]] Appetite is the amount and the type of risks an organization is willing to take in or absorb. This is the amount and type of risk an organisation will pursue or retain.


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'''Risk Appetite''' in Operational Resilience:

'''''Notes (1):''''' is the aggregate level and types of risk the [[Board| board]] and [[Executive Management|executive management]] are willing to assume to achieve an organisation’s strategic business objectives.  

'''''Notes (2):''''' is consistent with applicable capital, liquidity, and other requirements and constraints.''



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<br/> Related Terms: [[Risk_Likelihood|Risk Likelihood]], [[Risk_Impact|Risk Impact]], [[Risk_Rating|Risk Rating]], [[Risk_Assessment|Risk Assessment]], [[Risk_Level|Risk Level]], [[Risk Appetite]], [[Risk Tolerance]], [[Risk Threshold]], [[Period_of_Disruption|Period of Disruption]], [[Operational Resilience]], [[Governance]].

[[File:3D BCM Series Analyzing and Reviewing in the context of BCM Books.jpg|thumb|right|140px|Analysing And Reviewing The Risks For Business Continuity Planning ]]

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[[File:BCM Institute Risk Ratings and Levels.jpg|thumb|right|400px|BCM Institute Risk Ratings and Levels.jpg]]


'''2.''' Amount and type of [[Risk|risk]] that an [[Organization|organization]] is willing to pursue or retain.

{{ISO 22301 Source}} - clause 3.49

'''3.''' Total amount of risk that an [[Organization|organizationis]] prepared to accept, tolerate or be exposed to at any point in time.<br/> {{BS25999 Source}}

'''4.''' Willingness of an [[Organization|organization]] to accept a defined level of risk.

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