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Contingency Planning:
Once the events are evaluated and categorised, and the levels of risk attaching to them have established.
The organisation should then commence planning to reduce or eliminate them. Obviously, those events categorised within the high / extreme category would take precedence over those categorised within other areas.
Examples of contingency planning could be:
Part B This case is intended to be an introduction to the various methods used in capital budgeting and looks at some of the decisions that may have to be made when evaluating pro
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Assessing Impact: As with the assessment of likelihood, a valuable way of assessing impact would be the creation of categories of impact as follows: Level
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