Analysing Risk Tolerance for Projects

Analysing Risk Tolerance for Projects

Analyzing Risk Tolerance for Projects

 

When you are analysing risk tolerance for projects, you are trying to discover an acceptable level of risk that is acceptable to a project manager or key stakeholders when the investment is compared to the potential payoff. 

Analyzing Risk Tolerance for Projects

When analysing risk tolerance for projects, you need to know that some stakeholders may perceive risk difficulty only conservative, low-risk projects that are similar in nature and scope to many past successes. Other stakeholders may seek out high-risk ventures in uncharted territory; they may be willing to risk a great amount of capital on a speculative project with the potential for large returns.

 

#1  RISK AVERTER

They are not likely to take a risk that is considered high risk. They will always want to avert risk as much as possible. 

 

#2 RISK SEEKER

They have to accept as an uncertain outcome and may be willing to take the high risk regardless of the consequences. These categories of risk-takers are ready to try anything new. They are always ready to accept any outcome of their initiatives.

 

YOU CAN ALSO READ  Organisational Process Assets As A Tool For Project Success

#3 RISK NEUTRAL 

In their own case, tolerance is proportional to the amount of money at stake. If the amount is bigger than what the company can afford, they may decide not to embark on such a project.

 

Now your take on this argument.

We would also like to hear what you feel about the topic we discussed today. Your feedback is very important to us. Feel free to drop your comments and recommendations. If you have a contrary opinion, you can drop that too.

You can also join our Facebook Page CRMNigeria for more updates. You can do that by clicking on the link or searching for our page on Facebook.

Click here to Download 5 E-Books that I have taken time to prepared for you.

These E-Books contains formulas that have helped many of my students to nail the PMP Exam. You can also make use of this E-Books. While you are using it if you have questions to ask me concerning the Formulas, feel free to shoot me a mail. I am committed to assisting you to nail your PMP exam. It’s a pledge. You can always count on me as a friend. 

PS: For like seven years since I started blogging I have tried many platforms and tools. Some worked and some of them performed below expectation. Here are some of the tools that I will gladly recommend for you any day, any time.

BEST AUTO SEO FOR JUST $1

BEST HOSTING AND DOMAIN SERVICE

BEST HOSTING IN NIGERIA (AFFORDABLE)

You can also download our Mobile App here.

Click here to Like our Page on Facebook

Follow us on Twitter

Domain names for just 88 cents!3 Major Roles of PMO in Projects 1
Action Point.
You need to confirm your subscription by clicking on the link sent to you. You can check the spam folder for it. Add us to your mailing list to receive directly from us.

PS: Click on the link below to sign up for my Online E-Course CRM Training. Make sure you confirm your subscription by clicking on the link sent to you. Thanks.

new horizons online training

Leave a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge