A pre-planned action plan defined in response to a specific risk(s).This plan is typically invoked if a
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Question:
A pre-planned action plan defined in response to a specific risk(s).This plan is typically invoked if a risk becomes an issue.
- Funds set aside to handle unknown costs that may arise during a project
- Funds set aside to handle costs that may arise resulting from a risk occurring
- A condition or event that causes a risk response/plan to be invoked.
- The risk introduced as a result of the risk response plan for a specific risk.
- "Leftover" risk after your risk response plan has been implemented
- A plan that comes into effect in situations where the contingency plan is insufficient
Options
1.Secondary Risk
2.Residual Risk
3.Contingency Plan
4.Fallback Plan
5.Contingency Reserves
6.Management Reserves
7.Trigger
Related Book For
Introduction To Health Care Management
ISBN: 9781284081015
3rd Edition
Authors: Sharon B. Buchbinder, Nancy H. Shanks
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