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Interstate compacts, such as the Port Authority of New York and New Jersey, require
Risk Management
The method of detecting, evaluating, and managing risks to a company's finances and profits.
Risk Transfer
A strategy in risk management involving shifting the potential risk from one party to another, often through insurance or outsourcing.
Risk Mitigation
Strategies and actions taken to reduce or eliminate the impacts of uncertainty or threats on a project.
Risk Breakdown Structure
A risk breakdown structure (RBS) is a hierarchical framework that categorizes potential risks in a project, organized by source or nature, to facilitate better risk management.
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