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Risk Management Knowledgebase

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...V...

ItemDescription
VPF Value of Preventing a Fatality.
Value A standard, principle or quality considered worthwhile or desirable.
Variance A discrepancy between the actual and planned performance on a project, either in terms of schedule or cost.
Variance Analysis Variance analysis is an analysis of the factors that have caused the difference between the pre-determined standards and the actual results.

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