Software Architect's Handbook

Risk acceptance

Risk acceptance is another way deal with a risk. This approach is to simply accept the risk and any possible consequences. For example, perhaps your company and another company are both developing a new software product to serve a new market. Ideally, your product would be the first to the market, but since you started later, there is a risk that you may not be. Not being the first to the market could result in a loss of market shares. After analyzing the risk, you may decide to accept any consequences of not being the first to the market in exchange for developing a better product by not rushing it.

One point to keep in mind is that actions taken to resolve a risk by mitigating or transferring it may have their own set of ...