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Glossary > Studies >Money Management
Money Management
The spectrum of possible approaches available for dealing with a known contaminated site. "Management" includes, but is not limited to, one or more of the following: monitored natural attenuation, warnings, restrictions to site access, change in land usage, isolation of contaminants from human and ecological receptors (contaminant stabilization, barrier walls, capping), interim remediation, partial remediation, phased remediation, full remediation, remediation in any of the previous approaches to varying standards (industrial, commercial, agricultural, residential/parkland), postpone action until activity stops, etc. "Management" also includes the concept of "risk management".
Management of a place involves making conscious choices about what happens to the place and taking action to make those things happen. In the context of this document, it is undertaken in order to, amongst other things, ensure that the cultural significance of a place is retained. Management includes the widest possible range of actions and decisions,
Individuals in an entity that have the authority and the responsibility to manage the entity. The positions of these individuals, and their titles, vary from one entity to another and, to some extent, from one country to another, depending on the local laws and customs. Thus, when the context requires it, the term includes the board of directors or committees of the board that are designated to oversee certain matters, e.g., audit committee.
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