Question
In: Finance
How will the evaluation of project viability minimize adverse effects of pandemic risks on project performance?
- How will the evaluation of project viability minimize adverse effects of pandemic risks on project performance?
Solutions
Expert Solution
Evaluating the project viability in terms of revenue generation, risk, feasibility of performance helps identifying the consequences of the accepting the project.
1. It helps to identify risk which are avoidable and possible mitigation plan.
2. Estimation of unavoidable risk which can not be eliminated. One can identify if this type of risk can be digestive or not.
3. Availability of risk transfer like insurance in cases of pandemics helps to reduce the actual adverse outcome.
4. A cordinated response for social massaging, care of health of people prepared during vialbilty of project helps to mitigate the risk.
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