Question

Difference between financial risk and business risk

Answer 1

Financial risk :-

refers to a company's ability to manage its debt and financial leverage

business risk :-

refers to the company's ability to generate sufficient revenue to cover its operational expenses.

Answer 2

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• Technical risks are those events or issues associated with the scope definition, research and development (R&D), design, construction, and operation that could affect the actual level of performance vs. that specified in the project mission need and performance requirements documents.

• Schedule risk is the risk associated with the adequacy of the time allotted for the planning, R&D, facility design, construction, and startup operations.