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Other risk tolerances for issues such as project delays and slower service delivery may be less obvious and may require more consultation.
In general, there is lower risk tolerance for the unknown
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Political: the influence of international governments and other governing bodies;
Economic: international and national markets, globalization;
Social: major demographic and social trends, level of citizen engagement; and
Technological: new technologies.
Internally, the following factors are considered relevant to the development of an organization's risk profile: the overall management framework; governance and accountability structures; values and ethics; operational work environment; individual and corporate risk management culture and tolerances; existing risk management expertise and practices; human resources capacity; level of transparency required; and local and corporate policies, procedures and processes...
General points of the essay
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