Glossary

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Title
IRM

Infrastructure Reporting Module

IRR

Internal Rate of Return

Irregular expenditure

Expenditure, other than unauthorised expenditure, incurred in contravention of or that is not in accordance with a requirement of any applicable legislation. (Source: Adapted from the Finance Management Act of 1999).

isk

Effect of uncertainty on objectives. (Source: ARP 070:2009 ISO Guide 73:2009/CIDB Standard for the Delivery and Maintenance of Infrastructure using a Gateway System).

isk Management

Coordinated activities to direct and control an organization with regard to risk. (Source: ARP 070:2009 ISO Guide 73:2009).

isk Report

Report intended to inform particular internal or external stakeholders by providing information regarding the current state of risks and its management. (Source: CIDB Standard for the Delivery and Maintenance of Infrastructure using a Gateway System).

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