Glossary of Terms and Abbreviations
accept: A risk response strategy that is not proactive toward a risk, but prepares for and deals with the impact of a risk should it occur. This may involve use of a contingency plan. An acceptance strategy can be selected for either threats or opportunities.
action owner: The person responsible for implementing an agreed-upon risk action and reporting progress to the risk owner.
APM: Association for Project Management.
Assessment: Part of the risk management process where the probability and impact of identified risks are assessed in order to prioritize risks based on their position on a Probability-Impact Matrix, and where risks are categorized using the risk breakdown structure and other frameworks.
assumption: ...
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