Investment Projects, Business Armenia Alpine Residential District | Page 10

Risks and Risk Mitigation As with each business initiative, the construction of the complex within the scope of the project and its further operation will also be exposed to certain risks that can affect the effectiveness of the activity and the performance of the intended indicators. As global risks that may affect the project’s establishment and future operation can be viewed.  foreign exchange fluctuations  social-economic and political instability  a number of factors, depending on foreign policy Besides global risks there could be other risk factors as well, such as:  inadequate planning, integration or resource allocation  unpredictable price changes  specific delays, e.g., strikes, labor or material availability  receiving interim certificates In order to implement the project, the relevant organization should consider a number of circumstances related to the location of the premises and recognize the need to follow them, such as the acquisition of space, the construction, the timing of the work, etc. Financial Plan and Projections Financial plan will be developed by the implementing agency chosen by private investor. 9