Risk Acceptance

Acknowledgment of a risk factor's existence along with a decision to accept the consequences if the corresponding problem occurs. [ ISO/IEC/IEEE 24765 ]

Other Definitions

Risk Acceptance [ IEEE 1490 ]: A risk response planning technique that indicates that the project team has decided not to change the project management plan to deal with a risk, or is unable to identify any other suitable response strategy.

Notes

See also

Glossary:

Standards: