Risk: Risk can be defined as uncertainty of outcome, whether positive opportunity or negative threat. Every project has risks associated with it. Project management has the task of identifying risks that apply and taking appropriate steps to take advantage of opportunities that may arise and avoid, reduce or react to threats. Riesgo: El riesgo puede definirse como…
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Risk Tolerance Line

Risk Tolerance Line: The risk tolerance line is one drawn between risks that can be accepted or for which suitable actions have been planned, and risks that that are considered sufficiently serious to require referral to the next higher level of project authority. Línea de Tolerancia al Riesgo: La línea de tolerancia al riesgo es…
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