Cost accrual ratio
Encyclopedia
The Cost Accrual Ratio for a business may be defined as the total average cost per person per unit time, e.g. average cost per day per person. It is only useful for risk assessment
in small projects where average wages are roughly equal.
Risk assessment
Risk assessment is a step in a risk management procedure. Risk assessment is the determination of quantitative or qualitative value of risk related to a concrete situation and a recognized threat...
in small projects where average wages are roughly equal.