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When Considering Risk Management, What Is an Opportunity? List and Briefly

question 34

Essay

When considering risk management, what is an opportunity? List and briefly describe 4 different responses to an opportunity.


Definitions:

Proposal Requirements

The specific criteria, guidelines, or conditions that must be met in a proposal to ensure it is complete, competitive, and compliant.

Decision Criteria

Standards or benchmarks used to evaluate options and make choices in decision-making processes.

Typical RFPs

Standard Requests for Proposals, which are documents issued by organizations to solicit bids from potential vendors for a project or service.

Routine Requests

Standard inquiries or appeals for information, services, or assistance that follow a common pattern.

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