Quantifiable likelihood of loss or less-than-expected returns. Risk includes the possibility of losing some or all of the original investment. Risk is usually measured using the ...
The chance or possibility of loss. For example, physicians may be held at risk if hospitalization rates exceed agreed upon thresholds. Potential financial liability, particularly ...
All costs for a specific project, including costs for land, professionals, construction, furnishings, fixtures, equipment, financing, and any other project-related costs.
Useful work performed that does not produce a tangible product or result, such as performing any of the business functions supporting production or distribution. Contrast with ...
A simulation uses a project model that translates the uncertainties specified at a detailed level into their potential impact on objectives that are expressed at the level of the ...
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