Definitions
Risk event
Process variance from known best
practices and potential consequences of the variance.
Critical Process Variance
For each process risk related
event that is identified, the variance of the process from known
standards or best practices.
Best Judgment
The knowledge and experience of
the collective, multi-disciplined Integrated Project Team (IPT)
members and the opinion of subject matter experts (SMEs) are the
most common source of incident assessment.