Establishing risk appetite is key to effective risk management

2020-05-26T15:56:34
ID COALFIRE:92F3CAFDB41BFD58EDFA287BA03C18E3
Type coalfire
Reporter The Coalfire Blog
Modified 2020-05-26T15:56:34

Description

The mission of an enterprise risk management program is to respond to and monitor risks to the enterprise's operations and objectives. In order to properly respond to and monitor risks, the enterprise must establish risk appetite thresholds. Well-established and well-communicated risk appetite thresholds will ensure that risks are mitigated consistently at all levels of the organization.