A study of risk management framework by risk appetite on project

Abstract

In the project risk management methods for risk aversion or risk minimization has been examined from a backward viewpoint. In financial institutions which supplies funds to projects, risks of bankruptcy, deterioration of management increased after Lehman shock. The importance of risk management increased. Therefore the framework of the risk (risk appetite) that financial institutions undertake is suggested from a foreword viewpoint. In this study, authors propose a risk appetite framework from a viewpoint to undertake risks.to project risk management in P2M