Deliverable #4 - Risk Analysis and Income Statement A) Identify and recommend financial and market risks and risk mitigation strategies There are no guarantees on any project. Even the simplest activity can turn into unexpected problems. Anything that might occur to change the outcome of a project activity, we call that a risk. A risk can be an event (like a snowstorm) or it can be a condition (like an important part being unavailable). Either way, it's something that may or may not happen ...but if it does, then it will force you to change the way you and your team work on the project. ANTI Your project Avoid Mitigate Transfer Accept Source: https://opentextbc.ca/projectmanagement/chapter/chapter-16-risk-management-planning-project-management/ In this deliverable all team members are to discuss the various risks associated with doing business in their country of choice in the following areas, branding, competition, cultural including business ethics, financial, geo-political, distribution channels, legal and trade agreements. Use the following template to complete this task. (refer to module 5A and 58 for content reference) Type of Risk Internal/External Threats to the Potential consequences to the Mitigation Strategies Probability * Company/Venture Company/Venture 25 *Probability - 1/10 = minimal risk; 10/10 = major risk You are not restricted to 4 possible risks as shown in the chart above. List, evaluate and describe mitigation strategies for the risks you feel you might encounter for your export trade venture