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Traditional Work Breakdown Structures Tend to

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Traditional Work Breakdown Structures tend to


Definitions:

Insurable Interest

A requirement that a person seeking to purchase insurance has a legitimate interest in safeguarding the item or life being insured from loss or damage.

Market Value

The amount for which something can be sold on a given market at a specific time.

Property

Legal rights to own, use, and dispose of land, buildings, goods, intellectual creations, and other items.

Punitive Damages

Financial payment provided to a harmed individual that exceeds the amount needed for loss recovery and aims to penalize the responsible party.

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