See the various types of financial risks that can be encountered in a project: C

Question

See the various types of financial risks that can be encountered in a project:Commercial Risk is identified as one of the several financial risks in projects. How would you respond to this risk?

Macroeconomic Risks: Inflation, Interest rates, currency and exchange rate fluctuations

Political Risks: Country risks, legislation and regulations, change of government

Commercial Risk: Viability and Feasibility, cost and schedule completion, performance and operation, revenue availability, reliability and maintainability

Contractual Risks: Management, equipment supply, feedstock supply, concessions and licenses, and sales agreements

Explanation / Answer

Commercial Risk :

Definition : It’s a process of identifiyingthe risk factors while planning a deisgn to a project. Identification of the risk factors and suggesting alternative preventive measures to reduce the impact to damage and vulnerability.

Impact on the project :

Ways to handle to commercial risks :

Factors that increase the impact of commercial risk :

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