Risk Appetite Wizard

Welcome! This wizard will help you assess your risk appetite and generate a personalized risk appetite statement.

Risk appetite is the amount and type of risk you're willing to accept to achieve your goals.

Question 1: How would you describe your general approach to risk?

Very conservative (avoid risk at all costs) Somewhat conservative (prefer low risk) Balanced (accept moderate risk for moderate rewards) Somewhat aggressive (willing to take higher risk) Very aggressive (seek high risk for high rewards)

Question 2: How much potential loss are you comfortable with in pursuit of your goals?

None - I can't tolerate any loss Minimal (up to 5%) Moderate (5-15%) Significant (15-30%) High (over 30%)

Question 3: What is your time horizon for achieving your goals?

Short-term (less than 1 year) Medium-short (1-3 years) Medium (3-5 years) Medium-long (5-10 years) Long-term (over 10 years)

Question 4: How experienced are you with managing risks?

Novice (little to no experience) Some experience Moderate experience Experienced Expert

Question 5: What is the level of sensitivity of the data and systems you manage?

Very low (e.g., public information) Low (e.g., internal non-critical data) Moderate (e.g., business operational data) High (e.g., confidential financial data) Very high (e.g., personal identifiable information, classified data)

Question 6: How stringent are your customer requirements regarding risk management and security?

Very low (minimal expectations) Low Moderate High (e.g., strict SLAs) Very high (e.g., highly demanding, such as government contracts)

Question 7: How impacted are you by legal and regulatory requirements?

Very low (few regulations apply) Low Moderate High (e.g., industry-specific standards) Very high (e.g., heavily regulated sectors like finance or healthcare)

Risk Appetite Assessment Wizard