In the risk management, we have Risk Acceptance - Risk Mitigation - Risk Transferring. When do you we accept risk and Why do we accept it?

if it is a positive risk that would become an opportunity

High risk high gain.

if no risk-no need for management

Risk is asssesed on the basis of its probability to occur. The benefits are also compared to risk associated with a event/instance to determine its response. A subjective opinion of an individual also have an impact on risk strategies. We accept risk when its benefits outperform its associated hazards or probability of occurance is low. Sometimes its just our own fimiliarity and individual opinion that let go or accept a risk

risk start with the start.starting any business or process starts risk.

risk management is important inorder to accept risk,determine what risks are their,how can we defuse or solve them.

i believe risk management is of extreme importance in life or business.

1. When project sponsors are specifically requesting it, i.e. they are ready to pay whatever  needed to be eliminated.

2. When we already know how to mitigate it, however client does not and he's ready to pay for it.