risikoappetittrisikotoleranse
Risikoappetittrisikotoleranse is a Norwegian term that translates to "risk appetite and risk tolerance." These are two distinct but related concepts used in risk management, particularly within organizations. Risk appetite refers to the amount and type of risk an organization is willing to take in pursuit of its strategic objectives. It defines the boundaries within which management believes it can operate effectively. It's about the upside potential and the willingness to accept uncertainty to achieve goals.
Risk tolerance, on the other hand, quantifies the acceptable level of variation around the risk appetite. It
These concepts are crucial for making informed decisions, allocating resources, and establishing effective risk controls. They