Misunderstood activity pertaining to Project Risk Management Response

Created by Fatehjit Singh (@fatehjit), response for Misunderstood Activity

Risk tolerance classifications in Project Risk Management Students often find it difficult to grasp the concept of the 3 risk tolerance classifications: 1. Risk Averse 2. Risk Neutral 3. Risk Seeker Traditional explanation Risk tolerance classifications have been defined in terms of the following 2 functions: a) Utility– The extent of satisfaction gained/ comfort displayed more… »