risk management

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TOPIC 1: NATURE OF LANGUAGE Universal properties of language

luonut rena johnson

Risk Mitigation Plan

risk management

success targets

implementation phase

improved product quality

achieved project impacts

improved productivity

bought the approved equipment

project activities implemented as planned

on time proper liquidation

use of equipment

on time repayment

good environmental conditions

submit required reports on time

pre implementation phase

pool of potential clients

risks involved in the current projects

project implementation

entrepreneur cannot manage the project well

drastic change in market conditions

client backing out of approved project

use of funds for personal purposes

bought a different equipment

business terminated

use money for other purpsoes

non liquidation of funds

inappropriate equipment or technology

no repayments

calamities

late or non submission of required reports

client identification stage

no qualified clients