This is where all outcomes have been weighed up and the risks of it not going your way have been identified. The risk is then reduced by identifying what causes the risk and what causes the success. Steps are then taken to reduce the risks and improve the chances of success.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.