IST 445 Final: IST 445 exam 3

• School: Syracuse University
• Department: Information Studies
• Course: IST 445
• Professor: Block

Document Summary

Acceptance: allowing the consequence if a risk occurs. Avoidance: eliminating specific threat or risk usually by eliminating its causes. Communication plan: document that describes communication with stakeholders and team members. Contract: mutually binding agreement that obligates the seller to provide specific service and buyer obligates payment. Matrix reporting: lists relative probability of a risk occurring on one side of a matrix or axis on a chart relative to impact of risk occurring on the other. Mitigation: reducing the impact of a risk event by reducing the probability of occurrence. Planning: devising and maintain a workable scheme to ensure that the project addresses the organizations needs. Procurement management: acquiring goods and services from an outside source. Progress report: describes what the project team has accomplished during certain period of time (50/50, 90/10) Purchase order: document to vendor to buy something and obligate. Request for proposal: solicit proposals from prospective sellers.