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Question 143 - PRINCE2-7-Foundation discussion

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What is described as an organization's unique attitude towards risk taking

A.
Risk appetite
Answers
A.
Risk appetite
B.
Risk management
Answers
B.
Risk management
C.
Risk evaluation
Answers
C.
Risk evaluation
D.
Risk tolerance
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D.
Risk tolerance
Suggested answer: A

Explanation:

An organization's unique attitude towards risk-taking is described as its 'Risk appetite'. Risk appetite defines the level and type of risk that an organization is willing to pursue or retain. This concept is critical in guiding how risks are managed across projects, as it influences decision-making and strategy regarding risk exposure.

Reference: PRINCE2 7 Foundation study guide and official documents.

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asked 23/09/2024
Ruben Munilla Hernandez
42 questions
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