Transference
| last edited by: Dave Garrett on Oct 14, 2006 11:33 PM | login/register to edit this page |
 Transference of risk involves shifting of the consequence and impact of the risk to a third party. This can include the use of insurance, as well as performance bonds, warranties, guarantees, or fixed price contracts.
|
|
| last edited by: Dave Garrett on Oct 14, 2006 11:33 PM | login/register to edit this page |
ADVERTISEMENTS
|
"Far out in the uncharted backwaters of the unfashionable end of the Western Spiral arm of the galaxy lies a small unregarded yellow sun. Orbiting this at a distance of roughly 98 million miles is an utterly insignificant little blue-green planet whose ape-descended life forms are so amazingly primitive that they still think digital watches are a pretty neat idea..." - Douglas Adams |
