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What is Buffering in risk management?
Buffering:
Buffering or slack is the allowance of additional cost, resources or time for example ‘just in case’ specific events or risks do arise. Slack makes a provision for uncertainty into project environments. Some risks categorised for a project to introduce a modern computerised system.
Business losses per defect that happens during operation Business interruption costs; costs of work-arounds Lost sales and lost goodwill Litigation costs resulting from de
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