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Questions and Answers
What type of information should be included in the Risk Profile?
What type of information should be included in the Risk Profile?
- Health & Safety likelihood of risk and potential business impact (correct)
- Operating costs and financial projections
- Procurement costs and development timeline
- Market size and manufacturing costs
Which aspect does the Mitigation Strategy focus on?
Which aspect does the Mitigation Strategy focus on?
- Financial projections
- Sensitivity analysis
- Minimizing the chances of risk occurring (correct)
- Market trends
What is the purpose of outlining the timeline of activities in the Plans for Development?
What is the purpose of outlining the timeline of activities in the Plans for Development?
- To conduct due diligence
- To guide the implementation process (correct)
- To estimate market size
- To analyze the ingredient/material costs
Which type of costs should be estimated in the Financials section?
Which type of costs should be estimated in the Financials section?
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What does the Risk Profile report confidence on?
What does the Risk Profile report confidence on?
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In the Risk Profile, what is mentioned as an important factor to consider if assumptions are wrong?
In the Risk Profile, what is mentioned as an important factor to consider if assumptions are wrong?
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What should be included in the Financials section related to costs?
What should be included in the Financials section related to costs?
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What is a key aspect to consider when outlining the timeline of activities in Plans for Development?
What is a key aspect to consider when outlining the timeline of activities in Plans for Development?
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What does the Financials section suggest analyzing through sensitivity analysis?
What does the Financials section suggest analyzing through sensitivity analysis?
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What should be outlined in the Mitigation Strategy?
What should be outlined in the Mitigation Strategy?
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