Risk acceptance is a risk management technique during which a risk to the endeavor is accepted as not being significant.
Not every risk is significant.
The typical objectives of risk acceptance are to:
Risk acceptance can typically begin when the following preconditions hold:
Risk acceptance is typically complete when the following postconditions hold:
Risk acceptance typically involves members of the endeavor’s teams performing the following steps in an iterative, incremental, parallel, timeboxed, and ongoing manner:
Risk acceptance typically results in the production of all or part of the following work products:
Risk acceptance typically has the following limitations: