article thumbnail

5 Steps towards an Actionable Risk Appetite

LogisManager

Risk tolerances, on the other hand, set acceptable levels of variation in performance that can be readily measured. For example, a company that says it doesn’t accept risks that could result in a significant loss of its revenue base is expressing a risk appetite. Risk Appetite. Risk Tolerance.

article thumbnail

Important KPIs for Successful Vendor Management

Reciprocity

The six risks listed below are a good place to start. Begin by determining your organization’s tolerance for cybersecurity risk. Improve your organization’s overall third-party risk management. For example, they can help with cost reductions, customer satisfaction, and continuous improvement.