Decode Your Risk Appetite


The Proactive Risk PM Weekly

Proactive Over Reactive. Always.

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Reader,

If I were to ask you what the risk appetite is for your organization, what would you say?

Or how about for your current project or projects?

Understanding Risk Appetite is one of those forgotten about pieces of information we need to have as PM’s when dealing with our stakeholders. Yes, a SEAC or RACI Chart are important, but, when it comes to risk management, knowing and understanding Risk Appetite is key!

Quick Talk on Risk Appetite

Watch the Video, and if you haven’t, make sure to like and follow!

video preview

Risk Appetite is your path to easy decision making.

While serving overseas. I would travel to different countries, planning on behalf of my organization and leadership. Before leaving, it was a critical step for me to ask what can I and can I not do. At what threshold do I need to call back and get sign-off on a decision.

These decisions applied to risks we were willing to take as well.

Understanding your leaderships risk appetite, threshold, and tolerance is the easiest way to set yourself up for success!

Check out the video and let me know your thoughts!

Stay Proactive Over Reactive,

Russ


Upcoming Articles & Book Reviews

Coming Up for The Risk Blog:
👉🏼 Mastering Quantitatively Risk Analysis

👉🏼What is Scope Creep in Agile and How to Prevent It

📚 Upcoming Book Review:

May: Risk Assessment Framework by Ray W. Frohnhoefer MBA, PMP, CCP

June: Lead Engaging Meetings by Jeff Shannon

📖 View All Past Book Reviews

Have a book recommendation? Reply and let me know—I’d love to hear what’s on your reading list!


Future PMP®️ Courses

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Upcoming Courses: ​

👉 Weekend: May 31-Jun 1 | Jun 7-8: Sign-up HERE

📅 Course Dates: View All Courses

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Let’s keep learning, leading, and staying proactive over reactive.