'Precision' in classical test theory
Most accounts of classical test theory do not have a notion of precision as such, but occasionally, reliability may be called precision instead. The relationship is probably most concisely illustrated with the standard dartboards. This is also explained on the Wikipedia Item Response Theory page, but as you can see, in CTT, precision is to reliability what accuracy is to validity.
(Wikipedia Reliability article juxtaposed with a Tufts University guide.
Origin of 'precision' in classical test theory
Cronbach (1951) suggested Coombs (1950) as the origin of the reliability/precision confusion.
Coombs (6) offers the somewhat more satisfactory name "coefficient of precision" for this index which reports the absolute minimum error to be found if the same instrument is applied twice independently to the same subject. A coefficient of stability can be obtained by making the two observations with any desired interval between. A rigorous definition of the coefficient of precision, then, is that it is the limit of the coefficient of stability, as the time between testings becomes infinitesimal.
I'm not entirely sure if I'm interpreting the secondary question right, but IRT precision is a measure of precision under IRT, and ICC is a measure of reliability under CTT. The main difference is that CTT expresses reliability as a single value, while IRT expresses precision for different values of the underlying trait. This isn't specific to absolute agreement, though, so maybe I'm misunderstanding.