Posted by APM on 12th Jul 2012
The APM Risk SIG held a joint event with the Institute of Risk Management in Manchester on the 11th of July 2012.
Richard Anderson opened the presentations with a session entitled The premise behind risk appetite and why the IRM thought it was important enough to produce the IRM guidance paper Risk appetite and risk tolerance
Ruth Murray-Webster then spoke about The need to understand and manage both risk appetite and risk attitude in a co-ordinated way.
Steve Townsend of Tesco bank then spoke about risk appetite in banking before Achilleas Mavrellis of Defra presented a case study on how Defra is responding to the coalition challenge of new world, new project management.
Mike Robertson then finished the day with a session entitled Risk appetite a useful concept for risk management or a term used to keep the board on board?
The slides from the event can be downloaded below.
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We make risk assessments every day, and generally we do them well. Most of us look both ways before looking the road, and in the same way most of us will survey a site before we allow our projects to start digging.