Risk Culture and Risk Attitude

Risk Culture and Risk Attitude 1
Risk Culture and Risk Attitude
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Risk Culture and Risk Attitude 2
Executive Summary
This report involves the topic project risk management by clearly addressing how risk culture
and risk attitudes influence each other and contributes to assist organizations in making better
and informed decisions. Furthermore, the report keenly addresses the need to create a proactive
risk culture as well as elaborating best practices involved in structuring a risk culture to
proactively mitigate risks in an organization.

Risk Culture and Risk Attitude 3
Table of Contents
Executive Summary.........................................................................................................................2
Introduction......................................................................................................................................3
How risk attitudes influence risk culture.........................................................................................4
Need to build a good risk culture.....................................................................................................5
Elements of a good risk culture.......................................................................................................7
Organizational tone......................................................................................................................7
Factors driving risk culture..........................................................................................................7
Internal factors.............................................................................................................................8
External factors influencing risk culture......................................................................................8
Subcultures that influence risk culture........................................................................................8
Link to culture..............................................................................................................................8
Conclusion.......................................................................................................................................9