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The gathering together of project risks that appear to be related in some way such that their combined impact may be greater than that of the individualrisks occurring at random. [D05827]
In project portfolio management, in dealing with projectwork, it is useful to think in terms of size for purposes of matching the appropriate level of management "ceremony". What is "large" to one company may be "small" to another, and this also varies according to the type of project. The following list provides an indication of the project-sizing generally used in TenStep products as they apply to the IT industry:
A person, group or authority who is involved in or may be affected by project activities (i.e. has a 'stake' in the Project) and who could act against the project if their needs are not considered. [D01516]