Risk Acceptance



Definition

Risk acceptance is a risk management technique during which a risk to the endeavor is accepted as not being significant.

Dicussion

Not every risk is significant.

Objectives

The typical objectives of risk acceptance are to:

Preconditions

Risk acceptance can typically begin when the following preconditions hold:

Completion Criteria

Risk acceptance is typically complete when the following postconditions hold:

Steps

Risk acceptance typically involves members of the endeavor’s teams performing the following steps in an iterative, incremental, parallel, timeboxed, and ongoing manner:

Work Products

Risk acceptance typically results in the production of all or part of the following work products:

Limitations

Risk acceptance typically has the following limitations:

Guidelines