Objective 1.3 Flashcards
Key concepts
1
Q
The perceived benefits, usefulness, and importance of something
A
Value
2
Q
A result for a stakeholder enabled by one or more outputs
A
Outcome
3
Q
The amount of money spent on a specific activity or resource
A
Cost
4
Q
A possible event that could cause harm or loss, or make it more difficult to achieve an objective
A
Risk
