Budget Event Chain Lean Risk 
ProjectManager.com
AUGUST 29, 2023
Cost overrun This is the actual cost that exceeds the estimated cost in the budget, also known as a cost increase or budget overrun. Estimation In a project context, estimation is the way to make accurate budgets or timelines for a project.
Workamajig
JANUARY 11, 2021
Accept: A response to a project risk where the project manager accepts the risk and takes no action to evade it, i.e. 'accepting' the risk. This is usually in case of risks that are unlikely to occur or minor enough so as to not affect the project's outcome. Budget : The sum total of all the money allocated for a project.
Expert insights. Personalized for you.
392 
Let's personalize your content