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Walter is the project manager of a large construction project. He'll be working with several vendors on the project. Vendors will be providing materials and labor for several parts of the project. Some of the works in the project are very dangerous so Walter has implemented safety requirements for all of the vendors and his own project team. Stakeholders for the project have added new requirements, which have caused new risks in the project. A vendor has identified a new risk that could affect the project if it comes into fruition. Walter agrees with the vendor and has updated the risk register and created potential risk responses to mitigate the risk. What should Walter also update in this scenario considering the risk event?
Hospital Insurance
A type of insurance coverage that pays for medical and surgical expenses incurred by the insured in a hospital setting, often part of broader health insurance plans.
OASDI
The Old-Age, Survivors, and Disability Insurance program, which is the official name for Social Security in the United States, providing benefits for eligible retirees, disabled individuals, and their families.
Hospital Insurance
Coverage that pays for hospitalization expenses either partially or in full, typically part of health insurance.
Time and a Half
A pay rate that is 1.5 times the employee's regular hourly rate, typically awarded for overtime work.
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