PMI-RMP Practice Questions - PMI Risk Management Professional Exam

Risk appetite is the specific amount of risk acceptable on a single project, while risk tolerance applies to the entire organization Risk appetite is the degree of uncertainty an organization is willing to accept in pursuit of objectives, while risk tolerance is the specific range of variation around objectives that is acceptable Risk appetite and risk tolerance are synonymous terms with no meaningful difference Risk tolerance is set by the project manager, while risk appetite is determined by the customer