Risk Threshold: Difference between revisions

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Latest revision as of 21:41, 19 April 2023

1. Risk Threshold is the maximum amount of risk that an organization is willing to take or withstand.


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Risk Threshold in Operational Resilience:

Notes (1): is an organisation's risk-bearing capacity or risk appetite.

Notes (2): refers to a specific threshold to which stakeholders express an interest in accepting an uncertainty or impact. If the risk is below the specific risk threshold, the organization will accept the risk; above it, it will not be tolerated.


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Related Terms: Risk Likelihood, Risk Impact, Risk Rating, Risk Assessment, Risk Level, Risk Appetite, Risk Tolerance, Operational Resilience, Governance.

Analysing And Reviewing The Risks For Business Continuity Planning
BCMBoK Competency Level
BCMBoK 2: Risk Analysis & Review CL 2B: Intermediate (BC)


BCMBoK Competency Level
BCMBoK 2: Risk Analysis & Review CL 2C: Intermediate (CM)


BCMBoK Competency Level
BCMBoK 2: Risk Analysis & Review CL 2D: Intermediate (DR)


BCMBoK Competency Level
BCMBoK 2: Risk Analysis & Review CL 2OR: Intermediate (OR)

 

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(Source: Business Continuity Management Institute - BCM Institute)