Examlex
Line balancing synchronizes material flows by randomly assigning required resources.
Unknown Factors
These are unpredictable elements or conditions that can impact the outcome of a project, often requiring contingency planning.
Lack of Familiarity
The absence of knowledge or acquaintance with software, processes, or systems.
Initiation Phase
The first stage of a project or process, where objectives are defined, feasibility is assessed, and stakeholders are identified.
Risk Management
The method of detecting, evaluating, and managing risks to a company's finances and profits.
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