Risk Acceptance

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Acknowledgment of a risk factor's existence along with a decision to accept the consequences if the corresponding problem occurs. [ ISO/IEC/IEEE 24765 ]

Other Definitions

Risk Acceptance [ IEEE 1490
A risk response planning technique that indicates that the project team has decided not to change the project management plan to deal with a risk, or is unable to identify any other suitable response strategy.

Notes

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Glossary:

Standards:

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