Risk Events That Occur in the Early Stages of a Project

question 45

True/False

Risk events that occur in the early stages of a project will have a greater cost impact than those that occur in later stages.

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Definitions:

Material Breach

A significant violation or failure to perform one's obligations under a contract, which justifies the non-breaching party's termination of the contract.

Discharge by Performance

The termination of contractual obligations by fully executing the duties and responsibilities outlined in the contract.

Contractual Duty

A legal obligation in a contract requiring a party to act or not act in a certain way.

Statute of Limitations

A statute that establishes the deadline by which legal cases must be filed after an incident occurs.