- Industry: Government
- Number of terms: 5883
- Number of blossaries: 0
- Company Profile:
The quality or state of being contingent; an event (as an emergency) that may but is not certain to occur.
Industry:Business services
An organized assessment and control of project risks.
Industry:Business services
A specific type of professional or management activity that contributes to the execution of a process and that may employ one or more techniques and tools.
Industry:Business services
The document describing how project risk management will be structured and performed on the project. It is contained in or is a subsidiary plan of the project management plan. The risk management plan can be informal and broadly framed, or formal and highly detailed, based on the needs of the project. Information in the risk management plan varies by application area and project size. The risk management plan is different from the risk register that contains the list of project risks, the results of risk analysis, and the risk responses.
Industry:Business services
A fallback position or workaround in the event of an adverse occurrence or risk event on a project.
Industry:Business services
The process of deciding how to approach, plan, and execute risk management activities for a project.
Industry:Business services
A risk response planning technique associated with threats that seeks to reduce the probability of occurrence or impact of a risk to below an acceptable threshold.
Industry:Business services
The amount of money or time needed above the estimate to reduce the risk of overruns of project objectives to a level acceptable to the organization.
Industry:Business services
A contract is a mutually binding agreement, which obligates the seller to provide the specified product or service or result, and obligates the buyer to pay for it.
Industry:Business services
The process of tracking identified risks, monitoring residual risks, identifying new risks, executing risk response plans, and evaluating their effectiveness throughout the project life cycle.
Industry:Business services
