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  1. Dictionary
    contingency
    /kənˈtɪn(d)ʒ(ə)nsi/

    noun

    • 1. a future event or circumstance which is possible but cannot be predicted with certainty: "a detailed contract which attempts to provide for all possible contingencies"

    More definitions, origin and scrabble points

  2. 4 days ago · noun. a possible event or occurrence or result. synonyms: contingency, eventuality. see more. Cite this entry. Style: MLA. "Contingence." Vocabulary.com Dictionary, Vocabulary.com, https://www.vocabulary.com/dictionary/contingence. Accessed 23 Jul. 2024. Copy citation. VocabTrainer™. 2 million people have mastered 404,262,127 new words.

  3. 4 days ago · Risk can generally be defined as the possibility of harm or loss arising from a particular event or action. As such, it is important to identify the different types of risks, as well as the key components of risk that may impact any given organization or industry.

  4. 5 days ago · A contingency reserve is the amount of money set aside in the budget to cover unexpected costs during the project. Including this reserve is important for a project because it creates a cushion for costs that could otherwise send the project over budget.

  5. 5 days ago · Project Management Institute defines risk as “an uncertain event or condition that, if it occurs, has a positive or negative effect on a project’s objectives.” Potential risks include external, internal, technical, or unforeseeable threats and opportunities to your project and deliverables.

  6. 4 days ago · A contingency is part of a real estate contract that requires a certain condition to be met before it is enforceable. If that condition is not met within the...

  7. 5 days ago · The Monte Carlo method is a mathematical technique and general computational approach used to estimate the behavior of complex systems or processes. It involves simulating numerous possible scenarios and analyzing their outcomes to gain insights.

  8. 4 days ago · Business continuity planning life cycle. Business continuity may be defined as "the capability of an organization to continue the delivery of products or services at pre-defined acceptable levels following a disruptive incident", and business continuity planning (or business continuity and resiliency planning) is the process of creating systems of prevention and recovery to deal with potential ...

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