- Industry: Government
- Number of terms: 5883
- Number of blossaries: 0
- Company Profile:
A risk response planning technique for a threat that creates changes to the project management plan that are meant to either eliminate the risk or to protect the project objectives from its impact. Generally, risk avoidance involves relaxing the time, cost, scope, or quality objectives.
Industry:Business services
The state, quality, or sense of being restricted to a given course of action on inaction. An applicable restriction or limitation, either internal or external, to the project that will affect the performance of the project or a process. For example, a schedule constraint is any limitation or restraint placed on the project schedule that affects when a schedule activity can be scheduled, and is usually in the form of fixed imposed dates. A cost constraint is any limitation or restraint placed on the project budget, such as funds available over time. A project resource constraint is any limitation or restraint placed on resource usage, such as what resource skills or disciplines are available, and the amount of a given resource available during a specified time frame.
Industry:Business services
The authorized budget assigned to the scheduled work to be accomplished for a schedule activity or work breakdown structure component. Also referred to as the budgeted cost of work scheduled.
Industry:Business services
A group of potential causes of risk. Risk causes may be grouped into categories such as technical, external, organizational, environmental, or project management. A category may include subcategories such as technical maturity, weather, or aggressive estimating. See also risk breakdown structure.
Industry:Business services
Those processes performed to define and mature the project scope, develop the project management plan, and identify and schedule the project activities that occur within the project.
Industry:Business services
The process of determining which risks might affect the project and documenting their characteristics.
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
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
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
