ARTICLES BY JAMES VESPER
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![Risk-Assessment-Risk-Analysis-GettyImages-1193956489]( "What Are Risk Appetite & Risk Tolerance In Pharma & Medical Devices?")
What Are Risk Appetite & Risk Tolerance In Pharma & Medical Devices?2/23/2022This article describes and differentiates risk appetite and risk tolerance and discusses why these two concepts are foundational to how we make risk-based decisions in pharma and medical devices. Also covered are a spectrum for risk appetite, best practices for risk communication, and events and conditions that can shape risk appetite and tolerance.
James Vesper
James Vesper, Ph.D., MPH, is a director at ValSource with a focus on learning, training, quality risk management, and error investigation. With more than 35 years of pharma experience, he began his career with Eli Lilly and Company and then started the consulting firm LearningPlus. Vesper has worked globally with pharma firms, regulatory agencies, and the World Health Organization. He recently completed his sixth book, GMP Root Cause Investigations and Corrective Actions: A Clear and Simple Guide, available from PDA/DHI and was given the PDA’s Distinguished Author/Editor award in 2021. He can be contacted at jvesper@valsource.com.