General Discussion

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Risk threshold and risk tolerance

I am not sure to grasp the differences between risk tolerance and risk threshold.

Based on that link, http://pmtips.net/defining-risk-management-part-5-risk-tolerance/, risk tolerance is based on the level of impact that we can tolerate. In this case, what is the risk threshold?

Could someone explain me the difference between those two concepts? If possible with some concrete example. 

 

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