Describe the Three Elements in the Needs Assessment Process

question 37

Essay

Describe the three elements in the needs assessment process.

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Definitions:

Net Present Value

A calculation that compares the value of all cash inflows and outflows of a project or investment, discounted back to their present value.

Worst Case Scenario

The most adverse or negative outcome that can occur in a given situation.

Forecasting Risk

The risk associated with making predictions about future events, which may not turn out as expected, potentially affecting financial projections and decisions.

Cash Flows

The movement of money into and out of a business or project, considered as a measure of its financial health.