Risk tolerances
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The levels and perspectives of risk tolerance are dynamic throughout the life of the project. Risk tolerance has three different perspectives when you are involved in a project: company, project manager, and stakeholder. The company risk tolerance depends on the financial stability and project diversification. A project manager’s risk tolerance is affected by job security and corporate culture. The stakeholder’s risk tolerance is influenced by project objective. The project success depends on agreeable level of risk tolerance and early risk management planning. | The levels and perspectives of risk tolerance are dynamic throughout the life of the project. Risk tolerance has three different perspectives when you are involved in a project: company, project manager, and stakeholder. The company risk tolerance depends on the financial stability and project diversification. A project manager’s risk tolerance is affected by job security and corporate culture. The stakeholder’s risk tolerance is influenced by project objective. The project success depends on agreeable level of risk tolerance and early risk management planning. | ||
| − | == | + | == Big idea == |
The section defines what risk tolerance is. | The section defines what risk tolerance is. | ||
| − | == Modeling and quantification of risk tolerance == | + | == Application == |
| + | This section talks about application of risk tolerance. | ||
| + | |||
| + | === Modeling and quantification of risk tolerance === | ||
The section talks about methods to measure risk tolerance. | The section talks about methods to measure risk tolerance. | ||
| − | == Influence of risk tolerance == | + | === Influence of risk tolerance === |
The section talks the importance of risk tolerance. | The section talks the importance of risk tolerance. | ||
| − | == Company perspective == | + | === Company perspective === |
Overview of risk tolerance from the company perspective. | Overview of risk tolerance from the company perspective. | ||
| − | == Project manager perspective == | + | === Project manager perspective === |
Overview of risk tolerance from the PM perspective. | Overview of risk tolerance from the PM perspective. | ||
| − | == Stakeholder perspective == | + | === Stakeholder perspective === |
Overview of risk tolerance from the stakeholder perspective. | Overview of risk tolerance from the stakeholder perspective. | ||
| − | == | + | == Limitation == |
| − | The section | + | The section discusses limitations of the method. |
| + | |||
| + | == References == | ||
| + | *References Cite link: [http://www.mediawiki.org/wiki/Extension:Cite Cite] | ||
| + | **To create a reference link in the text like this <ref>[http://www.facstaff.bucknell.edu/ttoole/Toole%20PM%20Causal%20Loop%20Diagram.pdf A project management causal loop diagram, Toole, Michael, 2005.] </ref> write <nowiki><ref>[''link/title''] ''Name of link'' </ref></nowiki> | ||
| + | ** Create a reference list like this one, by writing <nowiki><references /></nowiki> <references /> | ||
Revision as of 17:18, 21 September 2017
Contents |
Abstract
Risk tolerance is an amount of risk that a project driven organization can withstand. This element in project management indicates the willingness of organization and it's people to avoid or accept risks.
The levels and perspectives of risk tolerance are dynamic throughout the life of the project. Risk tolerance has three different perspectives when you are involved in a project: company, project manager, and stakeholder. The company risk tolerance depends on the financial stability and project diversification. A project manager’s risk tolerance is affected by job security and corporate culture. The stakeholder’s risk tolerance is influenced by project objective. The project success depends on agreeable level of risk tolerance and early risk management planning.
Big idea
The section defines what risk tolerance is.
Application
This section talks about application of risk tolerance.
Modeling and quantification of risk tolerance
The section talks about methods to measure risk tolerance.
Influence of risk tolerance
The section talks the importance of risk tolerance.
Company perspective
Overview of risk tolerance from the company perspective.
Project manager perspective
Overview of risk tolerance from the PM perspective.
Stakeholder perspective
Overview of risk tolerance from the stakeholder perspective.
Limitation
The section discusses limitations of the method.
