Question: Based on the contingency measures agreed with the management team (as given in scenario above) as well as your understanding of the financial situation and

 Based on the contingency measures agreed with the management team (as

Based on the contingency measures agreed with the management team (as given in scenario above) as well as your understanding of the financial situation and unpredictable economic environment you must now modity and update the financial contingency plan you had initially prepared (in Assessment 2, Part C), to implement and mon the changes you have agreed with the team. 1. Modify the Financial Contingency Plan you had prepared (using the template in Appendix B) as follows, for Q 04, 2021: update strategies to reduce risks and meximise profits that you have agreed with the team (including budget changes) update monitoring methods for strategy update changes to budgets identity two resources required to implement contingency plan (such as human resources, technology, etc.)] upoate methods of staff support required to implement contingency plan (such as socess to specialist advice, peer support, etc.)] " identity at least four actions to implement revised contingency plan, and against each action, its priority, monitoring method, monitoring frequency, and the person responsible for implementing it If no change is required to an element you may leave it as you had originally written. 2. Using the template in Appendix D, adjust the 2021 budget quarterly breakdowns for Q2 - Q4 2021, based on the shortfall percentage you have agreed with the tea (see scenario above). You must also add or remove any line items necessary, based on your revised contingency plan. The Microsoft Excel template contains most of formulae you require for the budget calculation. Submission requirements At the end of this part, submit the following to your 85585sof

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