Definition of Impact

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TeachMeFinance.com - explain Impact



Impact

The term 'Impact' as it applies to the area of reclamation can be defined as ' The estimated loss associated with the risk. While loss may be measured in time, quality, money, control, understanding, etc, the primary effect can be evaluated in one dimension: failure of the project'.

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About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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