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Last edited 08 Oct 2021
Government Functional Standard, GovS 002: Project delivery; portfolio, programme and project management, Version: 2.0, published on 15 July 2021 by HM Government, defines risk tolerance as: ‘The threshold levels of risk exposure that, with appropriate approvals, can be exceeded, but which when exceeded will trigger some form of response (for example, reporting the situation to senior management for action).
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