Risk Management 101 for IT Professionals Essential Concepts - The Role of Risk Appetite and Tolerance

The video tutorial explains the concepts of risk appetite and risk tolerance, using ISO 31000 as a framework. Risk appetite is defined as the level of risk an organization is willing to accept, while risk tolerance refers to the level of risk an organization can endure after risk treatment. The tutorial uses examples, such as a cloud computing company, to illustrate these concepts. It also highlights the importance of understanding these risks in decision-making and opportunity management.

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