Economic exposure and PRINCE2: Difference between pages

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''Foreign exchange risk management.''
''Project management''.


In foreign exchange risk analysis, the overall risk of adverse effects on an organisation's future operating cash flows, or other cash flows, arising from changes in foreign exchange rates.
'''PR'''ojects '''IN''' '''C'''ontrolled '''E'''nvironments, version 2, published in 1996.


For example, key competitors having currency cost bases in weaker or depreciating currencies. 


The key features of PRINCE2 include:


The idea of the FX economic exposure concept is to ensure that all relevant FX risks are recognised, identified and appropriately managed.
*Emphasis on dividing the project into manageable and controllable stages.
*Flexibility that can be applied at a level appropriate to the project.




The term is also used to refer to the longer-term version of transaction exposure – for transactions expected to be agreed in the future, but not yet contractually committed.
The acronym is sometimes presented as:


This is sometimes called Pre-transaction risk or Pre-transactional exposure.
'''PR'''ojects '''IN''' a '''C'''ontrolled '''E'''nvironment.  
 
 
Some FX exposures will overlap between categories.
 
Here as elsewhere, risk identification and risk management are more important than categorisation.




== See also ==
== See also ==
* [[Cash flow exposure]]
* [[Agile]]
* [[Foreign exchange]] (FX)
* [[FAST Modelling Standard]]
* [[Foreign exchange risk]]
* [[Project management]]
* [[Risk identification]]
* [[Waterfall methodology]]
* [[Risk management]]
* [[Working effectively with others]]
* [[Transaction exposure]]
* [[Translation exposure]]


[[Category:Manage_risks]]
[[Category:Working_effectively_with_others]]
[[Category:Planning_and_projects]]

Latest revision as of 11:40, 27 May 2021

Project management.

PRojects IN Controlled Environments, version 2, published in 1996.


The key features of PRINCE2 include:

  • Emphasis on dividing the project into manageable and controllable stages.
  • Flexibility that can be applied at a level appropriate to the project.


The acronym is sometimes presented as:

PRojects IN a Controlled Environment.


See also