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Certified Business Analysis Professional (CBAP) · IIBA
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In BABOK / risk analysis, stakeholder risk tolerance categories are: Risk-averse → Avoids risk, prefers safe options Risk-seeking → Willing to take risks for higher reward Risk-neutral → Evaluates risk vs reward objectively
"Risk Tolerance How much uncertainty a stakeholder or an enterprise is willing to take on in exchange for potential value is referred to as risk tolerance. In general, there are three broad ways of describing attitude toward risk:" "• Risk-aversion: An unwillingness to accept much uncertainty; there may be a preference to either avoid a course of action which carries too high a level of risk, or to invest more (and therefore accept a lower potential value) to reduce the risks. • Neutrality: some level of risk is acceptable, provided the course of action does not result in a loss even if the risks occur. • Risk-seeking: A willingness to accept or even take on more risk in return for a higher potential value."
A...Risk Mitigation is part of Risk Treatment, not attitude toward Risk.