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Risk Management Knowledgebase

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ItemDescription
WTA Willingness to Accept (The amount that someone is willing to receive or accept to give up a good or service).
WTP Willingness To Pay (The amount that someone is willing to give up or pay to acquire a good or service).
What-If Analysis The process of evaluating alternative strategies.
Work Flow Work flow is the relationship of the activities in a project from start to finish. Work flow takes into consideration all types of activity relationships.
Workaround Method of avoiding an incident or problem, either from a temporary fix or from a technique that means the Customer is not reliant on a particular aspect of a service that is known to have a problem.
Working Assumption A statement taken to be true. It is often useful to document working assumptions when constructing a project plan.
Workshop Brief (multi-day) engagement with multiple stakeholders.
Interactive meeting with attendees usually representing multiple disciplines.

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