- Branża: Government
- Number of terms: 5883
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The quality or state of being contingent; an event (as an emergency) that may but is not certain to occur.
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
As a result of risk analysis, money or time may be set aside as contingency, which may be used in the event of risks occurring. Contingency allowance provides for variations, which may occur in the expected values of elements of cost or schedule, but not scope or quality. (Note: contingency should not be shown in the plan as separate items and not hidden in activities as ‘an extra 10%’ on duration or cost.)
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 schedule network diagramming technique in which schedule activities are represented by boxes (or nodes). Schedule activities are graphically linked by one or more logical relationships to show the sequence in which the activities are to be performed.
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
The term used in the precedence diagramming method for a logical relationship. In current usage, however, precedence relationship, logical relationship, and dependency are widely used interchangeably, regardless of the diagramming method used.
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
