1.- INTRODUCTION
Contents
1. I U m C mo im User s Guide Ni Gx fisk Depending on the specific risk variable the values requested may be different Minimum Lowest point that the variable being analyzed can reach Most probable Point that the user feels that under normal conditions the variable being analyzed should reach under normal conditions Maximum Highest point that the variable being analyzed can reach Value In a case of a variable number of people the value concept Is the number which you consider most likely to correspond to the total workforce Probability The probability of occurrence according to user for value Example On the screen we can see that the values entered for Value 1 and Value 2 are three and four and the probability assigned Is 75 and 25 respectively This means that the use or Belize that there is a 75 chance that he or she will hire three people and a 25 chance that he or she will hire four people Greyed out areas are not filled in by the user and are automatically completed by the system based on the information entered into the business plan Year 1 Year 2 lt Year a RISK VARIABLES average price per unit Minimum Most probable Product line 1 0 0 0 Product line 2 0 0 0 Product line 3 0 0 0 n Quantity sold Minimum Maximum Product line H Product line 2 0 0 Product line 3 0 0 average unit cost of r m or product Product line 1 0 0 0 Product line 2 0 0 02. Product line 3 0 0 0 Boos of the direct labor Yalue 1 Yalue 2 Probabil 1 Probabil 2 Number of contracted persons 0 0 100 0 Cost of average wages i Nominal cost of the debt Minimum Maximum Interest rate long term 0 0 Main long term debt Interest rate short term 0 0 Main short term debt Maximum t Average collection payment periot Average collection period 0 0 0 Average payment period 0 0 0 User s Guide Finally the risk of our business project must be quantified with regard to variables that represent the global value of the business As an appropriate value to measure the risk of our business project we have considered Net After Tax Profit for each of the years considered and the Net Present Value The structure of the page Is the same as for the previous sections with the road map and guide bar in the top part of the page and the explanatory text and instructions needed for entering the information IDENTIFICATION i k ANALYSIS AND C CALCULATION na I RISKS MANAGEMENT i v TREATMENT k k i i T _ RIBK MANAGEMENT i z sora fara e E g CONTROLAND IDENTIFICATION ANALYSIS AND EATMEN Access the MOHITORIBES AND CLASIFICATIGN T op RISK WAR TABLES STARTING VARIABLES INFORMATION GENERATION Variables used to measure Risk Lastly the risk of our business projects must be quantified with respect to the variables representing the value of the project in other words the global value
3. v The upper and lower limits defined by the entrepreneur for the three years considered in the business plan The user may introduce the real values achieved each month for the risk variables over the period considered resulting In v The value incurred by the variable in the year v The deviation in the risk variable against that specified in the business plan This provides and Britain or with a tool to identify the deviations occurred from the budget in the initial business plan in order to make any appropriate adjustments The next screen provides a graphic representation of the control board accompanied by the relevant clarifications User s Guide Column indicating the real risk Columns indicating the incurred by the variable on an minimum and maximum values annual basis Depending on the that the variable could reach variable being considered it will be based on the risk is so Values the average aggregate or the assigned by the entrepreneur cumulative value for the entire Column indicating the value assigned to each of the variables by the entrepreneur in the business plan Variables cr ticas del an lisis Info plan Limite inf Limite sup En Feb Mar Abr i f San l alor de riesgos de negocio empresa de variabil de variabil s z incurrido Perivacion 30 35 0 37 Average price per unit Product line 1 30 35 0 37 Average price per unit Product line 2 30 35 D 37 Average pric
4. descriptions providing direct access to the different sections This can be useful for finding a specific section or to give you a graphic representation of the architecture of the tool e Glossary This link opens an alphabetical glossary defining the most important terms used in the tool To find a particular term click on the first letter and browse through the list The glossary includes those terms considered to be the most critical or representative of the general content of the application and it is not Intended to be an exhaustive dictionary on the subject matter ZM y hisk E comenten se oosa amp Glossary P A Search by letter Click in each letter in oroar n see the glossary words that begging with that lett a ieie p iE eee 3 fe fe fm IN TS fo fe fo cS Ea ba Ea ea Ea a ead 2 A a Accounting 4 technique that establishes the standards and procedures in order to record quantify analyze and interpret the economic facts affecting the co orporate assets of any economic organization or entity providing useful reliable timely and accurate information in order to achieve the financial control of the said organization or entity Administration Expenses Overall expenses incurred by the general management of a company for the performance of the company s administrative activities Logo of the Community of Madrid linked to the official web site of the Autonomous Community Ri
5. LEARNING III CONTROL AND MONITORING l START POINT TRAINING PROGRAM l STUDY CASE CONTROL AND MONITORING amp Identification amp Classification Analysis amp Calculation Oo Treatment The Risk Analysis module is an educational tool for management that allows the user to identify analyze and quantify the risks involved in a business project on a specific industry basis that is adapted to the peculiarities of the economic sector of the relevant business The module is comprised the following sections This section is accessed by clicking on the corresponding section in the risk analysis module The objective of the Business Plan section is to provide a business plan for the business project to be analyzed prepared and adapted to the needs of risk analysis To do so requires 1 Having prepared a business plan using the tool provided by the Community of Madrid on their web site Prepare your business plan online Elabora tu de empresa On line Te facilitamos todos los pasos para la creacion de tu plan de empresa User s Guide SM y hsh 2 Identifying the industry that is closest to the proposed business 3 Recovering the above mentioned business plan 4 Providing details on the plan assigning figures to specific business variables sale price number of units sold unit costs etc 9 Integrate the above mentioned figures Into a new business plan which includes t
6. Product line 2 has of nalysis User s Guide Risk Management Once the business plan Is completed the user starts with the Risk Management section which is accessed by clicking on the corresponding section in the risk analysis module through the roadmap or directly by clicking on the continue button The objective of the risk management section is to provide quantified measures allowing for the analysis of the risks assumed by the project i J IDENTIFICATION Pe ANALYSIS AND 5 CALCULATION T7 j 1 E mmr H RISKS MANAGEMENT CONTROLAND IDENTIFICATION ANALYSIS AND TREATMENT fare 3j MONITIRING AND CLASIFICATION CALCULATION Below we will begin to explain the content of each of the screens in the Risk Management section in accordance with the roadmap Identification and Classification The Identification and Classification screen shows the classification of the risks that could affect your business project You can view an explanation of each type of risk by clicking on It SS SSS SS SSSS Seles x i hie Customers rs gt Operational Competitors Click on each type of risk to view and an explanation Click on each type of risk to view and anexplanation User s Guide NI y hisk Analysis and Quantification Now that the risks affecting your business project have been identified and analyzed you can now select the risk variables The tool o
7. apply to obtain the possible results for the variable upon which the risk will be measured In other words the user defines the percentage of probability 70 60 30 and the graph will automatically show the possible range of values that this probability results in As for the risk profile this graph expresses the level of uncertainty that the entrepreneur is willing to assume The higher the risk of the business the wider range of possible results resulting in a more horizontal curve The graph generated Is obtained using a simulation with 1000 repetitions of the values for the risk variables introduced by the user and Indicates which are repeated with the greatest frequency qfi yl IClOon pe ztimisgta eee Sinulacii n normal Simulacion optimista User s Guide C renn The third and last stage of Risk Management is the Treatment Once we have identified and classified the risk analyzing and quantifying the values we are now faced with the questions How should we respond to this risk What can we do to face it The Treatment screen informs the user providing educational content on the process to be followed to handle the risk and what questions should be asked as part of the decision making process The goal is not to provide a specific answer or to tell the entrepreneur what he or she should do but rather to help entrepreneurs to ask the right questions in order to make the right decision and design an app
8. meaning of risk RISK and uncertainty in business and how these affect the progress of MANAGEMENT ee HENT your business Identify and reflect on the elements and causes that could endanger your business adventure CONTROL AND Improve the risk analysis and MONITORING management process associated with the business plan Annexes The training program also called a i road map includes the follawing Basic statistics PDF stages J Ca ea i papell User s Guide m Gist The Training Plan is comprised of the following stages Business Plan Risk Management e Identification e Analysis and Quantification e Treatment Control and Monitoring Once the user accesses the stages in the training program he or she may v Switch between stages using the Roadmap by clicking on the desired destination 1 Business Plan Click on each of the Stages in the training plan to access the relevant content 1 Business Plan 1 1 What is a Business Plan 1 2 What is the purpose of a Business Plan 1 3 Why prepare a Business Plan 1 4 Content of a Business Plan 1 5 Financial Plan 1 6 What are the benefits to be derived from a Business Plan v Access the content within the stage either using the index provided next to the roadmap or through the page numbering links located on the bottom of the screen a i Y r rE 1f PI rm mines Flan i iwi a Bates i iad i the perp oe om oe ria pitie bmsm g Ege wrh
9. User s Guide 1 INTRODUCTION The goal of this user s manual is to guide you through the use of the Risk Analysis tool and answer any possible questions problems or difficulties that may arise during its use and navigation The tool Is divided into three modules which can be accessed by clicking on any one I LEARNING II RISK ANALYSIS III CONTROL AND MONITORING gt START POINT BUSINESS PLAN CONTROL AND MONITORING gt TRAINING PROGRAM gt RISKS MANAGEMENT SJ eTyoy CASE Identification amp Classification Oo Analysis amp Calculation Oo Treatment I Training This ts a theoretical training module which provides information to help the user to better know the concept of risk in a business project and how to manage the risks that arise In addition a business case is provided to facilitate a greater understanding and handling of the Risk Analysis tool IT Risk Analysis This module combines risk analysis training with a practical tool that allows the user to identify analyze and quantify risk on a specific industry basis III Control and Monitoring This module allows the user to control and monitor the risks analyzed and to make comparisons with the real data incurred and any deviations between the two which will facilitate the correction and adjustment of the business plan User s Guide 2 SYSTEM REQUIREMENTS The following minimum technical specifications are required for th
10. a link between the Risk Analysis module and the Training module allowing the user to switch between the two and directly access training content that is related to the current risk module screen This allows the user to consult the relevant information on the training programme at any time Direct access to learning PN B The Learning icon is located next to the guide bar IDENTIFICA TION T ANALYSIS AND N 2 L BUSINESS PLAN CONTROLAND FINANCIAL LOAD NEW FINACIAL Access the j MONITORING PLAN al e Alert icon The Alert icon is used as an indicator that there are important aspects of the application which the user must take into consideration in order to continue working with the tool Alerts Signs that advise about main aspects to take into account e Information icon This icon indicates that complementary information is available Information Further information that explains J specific points of the content M s ASK User s Guide e Instructions icon This icon directly provides information that will guide the user in filling in any required information on the screen Instructions Shows you how to pad out each step of the process With the relevant information is too long to fit in the allotted space the plus sign is shown and acts as a link to further information p Use Instructions e Page numbers The content of the Learning module is p
11. aginated and it may be necessary to view several pages consecutively To do so the page number area includes links allowing the user to move forward and backward as well as indicating the current page and total number of pages In a section Previous page gt ge d de 12 i lt Next page Current page Total pages e Document exporting and download The content of the Learning module Is exportable into an Adobe PDF document which the user can download for consultation and study To do so click on the following link User s Guide e Information The economic and financial concepts included on the financial statements are accompanied by a small information icon which provides users with clarifications and definitions as can be seen on the following screenshot P amp L account lt Balance Sheet N e Sheet Year 1 Year 2 Year 3 a sates 258 667 320 907 414 367 pa VARIABLE COSTS 156 450 180 034 267 063 W Raw material or products consumed 66 450 L __ 3 034 W Cost of the direct labor other General Expenses 19 UUI c GROSS REVENUES war 140872 147 204 FIXED COSTS 34 174 a45 34 600 without taxes i Leases i Communications i Transportation i Independent Professional Services i Office Materials i Repairs and Conservation utilities i Indirect Labour Costs 4 Taxes The information can be viewed by placing your cursor over the icon mouse
12. b gaye me firsthand experience of the concerns and tastes of the members and that is where my business idea stemmed from Over my years of experience working with customers I learned that they look at the health club as a waystation between home and work where in addition to exercise they can enjoy both personal and professional relations with the other members Despite all of the advantages of the club where I worked it lacked a personal relationship with the customer It was also difficult for customers to establish relationships with other members due to the size of the club and the large number of members as well as their independent nature My idea to open a health club arose in response to these needs that were not being covered From the first moment that I had the idea I began to pose a series of questions on its profitability and viability I began to document the situation of the industry the needs of the market the location of my health club and the services that I would provide the closest competitors marketing and advertising issues and how I was going to finance the project I am confident that I will have a profitable business with certain stability and long term growth allowing me over the medium term to diversify the services offered and take advantage of my customer loyalty continue Click on the continue to move to the next screen User s Guide 9 RISK ANALYSIS E I
13. ble could go while Estimates or Worst Case reflects the lowest point that the entrepreneur feels that the selected variable could reach It is not necessary to complete both scenarios only those which the entrepreneur feels will be of the greatest use RISK VARIABLES TEAR 1 OPTIMIST a Average price per unit Product line 1 Product line 2 Product line 3 PESSIMIST a Average price per unit Product line 1 Product line 2 Product line 3 YEAR 2 TEAR 3 Minimum d d d d d d Most probable d d d Most probable d d d Maximum d d d Maximum d d d User s Guide N O gD gt eb me O gt gt eb lt Gi N 4 Obtaining the Risk Profile This screen displays a representation of the risk profiles on a single graph allowing the user to verify the variation in the risk exposure to different scenarios and different situations The legend provides the entrepreneur with information on the minimum maximum and average value assumed by the variable It also indicates the value that is most often repeated known as the trend in statistics and indicates the values assume by the variable with a probability of 5 and of 95 called the 5 percentile and the 95 percentile The user by means of the selector located in the lower part of the graph can define the level of confidence percentage of probability which he or she wants to
14. ce sheet reports Below we Identify each of the elements on the screen and its basic function and content AO O Q D 5 v eee IDENTIFEATION PS oa N _ I BUSINESS PLAN RISK MANAGEMENT D z ET A TSE ane pry A CONTROLAND SELECT FINANCIAL LOAD NEW FINACIAL Access the SS SS SS SS SS Se MONITORING IATA PLAN In order to start our risk analysis we need to have forecasted financial statements text i The financial forecasts represent the quantification of the strategy of our business project and allows us to a Pea RA Ep A pene ee ET ee analyse the financial impact of the decisions made by the entrepreneur The following information is taken from the Business Plan for the Risk Analysis Profit and Loss Account Provisional Balance Sheet Instructions Icon providing explanations on Sn the functionality of the p DP use structions screen 3 P amp L account X Balance Year 1 Year 2 320 907 i E a Be VARIABLE COSTS 156 450 180 034 Fs gt e aw material or products consumed View of the corresponding report profit and loss account and balance sheet Selection Tabs to select the financial plan that you i wish to view either the Profit and loss account or i Balance Sheet User s Guide Users can to move to the next screen by either e Clicking the continue button on the bottom of the screen e Using the navigational aids provided through the road map and gui
15. de bar AO O Q oO 3 Q O Q c oO MD OO Q CONTROLAND MONITORING Once the Financial Plan has been recovered the system validates the information analyzes the viability of performing a risk analysis and provides the user with a report indicating whether he or she may continue or alternatively needs to revise the plan or provide any missing information In the event of any errors the system will provide the user with an explanation of the cause and the corrective measures to take J Attention Yy The information has been correctly completed you may continue with the next step in the risk analysis User s Guide Load Variables Once the Financial Plan is recovered the user is requested to fill in some of the figures needed for the preparation of the business plan sale price units sold number of employees etc The structure of the page Is maintained according to that shown in the previous section of the Financial Plan r 1 IDENTIFICATION l ANALYSES AND Roadmap gt PN i i ee I BUSINESS PLAN RISK MANAGEMENT e A P _ LAJ ao A ecg CONTROLAND SELECT FINANCIAL LOAD NEW FINACIAL Access the f MONITORING SECTOR PLAN DATA PLAN Pe ee ee ee eee ee l I I I I l Exp la nato ry text i gt To perform the risk analysis it is necessary to have more detailed information on your business plan Ds NEN E PENE ac a ees ee ee ES a r l I l Ins
16. e per unit Product line 3 30 35 37 Quantity sold Product line 1 30 35 j i i i i j j 37 Quantity sold Product line 2 30 35 37 Quantity sold Product line 3 30 35 3 Average unit cost Product line 1 30 35 37 Average unit cost Product line 2 30 35 37 Average unit cost Product line 3 30 35 37 Number of contracted persons 30 35 Ol 37 Other Expenses 30 35 7 Interest rate short term 30 5 Interest rate long term Column which indicates Column which a deviation produced reflects the possible Cells for data to be introduced by the user between the value risk variables Real data should be introduced monthly for considered in the considered by the each of the risk variables business plan and the real value registered by the risk variable
17. e use of the tool v Internet connection v Web browser Internet Explorer Netscape Navigator Mozilla or similar v The tool is designed for an optimal screen size of 1024 x 768 v The tool meets the Web Content Accessibility Guidelines WCAG 1 0 of the WAI User s Guide J Ca ea i papell eM yhsk 3 HOMEPAGE AND COMMON ASPECTS 3 1 HOMEPAGE When accessing the Risk Analysis tool through the web site that the Community of Madrid has placed at the disposal of the entrepreneurs of the region users are presented with the three modules described above e Training Module e Risk Analysis Module e Control and Monitoring Module Click on the desired module to access home B espanol Help Amap Glossary zx Risk Welcome to the tool of Risk Analysis I LEARNING II RISK ANALYSIS II CONTROL AND MONITORING L START POINT gt BUSINESS PLAN L CONTROL AND MONITORING gt TRAINING PROGRAM RISKS MANAGEMENT l STUDY CASE Identification amp Classification Oo Analysis amp Calculation D Treatment WSE ANA Copyright Comunidad de Madrid ten All rights reserved Optimized for 1024x768 Each module is divided into various sections which will be explained in detail in this Manual Sha fisk User s Guide 3 2 COMMON ASPECTS Note that all of the pages in the Risk Analysis tool maintain common aspects and elements to facilitate navigation and use These common elements are e Link t
18. ed arp fin bees ra ae _ _ _ eee ca l o7 l l l l l ar l l 7 l l P ge l _ gm a o I F l l ml E I I l l l i WT Risk Hnalysis Si Practical Case User s Guide This section is accessed by clicking on the corresponding section in the training module This is a business case which provides the user with an example of how to use the Risk Analysis application by illustrating a fictitious case of an entrepreneur named Natalia who is analyzing the risks involved in her business project To access all of the content of the business case the user can use the Continue button located on the lower right hand side of the screen to move to the next page M STUDY CASE CASE _ Case 3605 5 NAME Gimansio Nature I will now tell you about my experience as an entrepreneur My career as a businesswoman began with the idea of launching my own health club the development of the business project and the study of the potential risks threatening my business and helping me to assure the viability of the company and the success of the endeavour My name is Natalia I graduated with a degree in physical education six years ago and worked for four years in a well known health club in the centre of Madrid This health club belongs to a chain with a wide variety of services hours and professors However my experience as a monitor in a large gym and health clu
19. enario analysis User s Guide The histogram screen shows a graph accompanied by a legend and explanatory text How should the user interpret the histogram The purpose of histogram analysis Is on the one hand to identify and classify the standard deviation of the values obtained following the simulation and on the other hand to develop a reasonable and relevant explanation of the behaviour of the variable being charted given that it can show whether the occurrence values are dispersed or concentrated with regard to the average The variables shown is the variable used to measure the risk net profit or net present value The graph generated Is obtained using a simulation with 1000 repetitions of the values for the risk variables introduced by the user and Indicates which are repeated with the greatest frequency The legend provides the entrepreneur with information on the minimum maximum and average value assumed by the variable It also indicates the value that is most often repeated known as the trend in statistics and indicates the values assume by the variable with a probability of 5 and of 95 called the 5 percentile and the 95 percentile The user by means of the selector located in the lower part of the graph can define the level of confidence percentage of probability which he or she wants to apply to obtain the possible results for the variable upon which the risk will be measured In other words the
20. erence between the average net present value and the value which only obtains a probability of occurrence of 5 and these are the values shown In the legend table to the entrepreneur v Average the average value v 5 Percentile the value considered as a variable with a 5 probability of occurrence v Net Present Value with a confidence and 95 calculated as the difference between the average value and the 5 percentile value User s Guide 4 O 5 J eb oO O This screen again shows a graph accompanied by a legend and explanatory text How should the entrepreneur interpret the tornado The Tornado is a graph that identifies the risk variables with the greatest impact on the success of the business plan e the exit value for which we are measuring the risk Net Profit or Net Present Value This information is especially relevant for the entrepreneur in that it graphically shows which of the at risk variables will have the greatest impact on the exit variables Net Profit or Net Present Value allowing the end window or to plan and manage the said risk The information offered by an analysis of the graph can be resumed in two points v It provides a graph of the risk variables ordered from greatest to least impact or degree of explanation of the uncertainty of the selected exit variable v It is a form of prioritizing the most important risk factors Each of the bars represents a minimum and maximum value for t
21. ffers a selection of variables used to quantify the risk and measure the impact on the Business Plan Accordingly the entrepreneur should consider the risks affecting his or her business project classified by origin and lastly determine which variable or variables of their business will be affected by said risks The structure of the page Is the same as for the previous sections with the road map and guide bar in the top part of the page and the explanatory text and instructions needed for entering the information The screen shows a series of variables that can be considered as risks and the user must decide whether the risk would potentially affect the business and If so fill in the appropriate values The variables not considered as applicable to the business are left in blank and are subsequently classified by the system as non risk values meaning that they cannot have an Impact on the values in the financial plan Remember that this is carried out without any intervention by the user Simply by leaving the appropriate spaces blank the system will automatically classify them by default as non risk The user must completely fill in the requested information for the full three years considered in the business plan Each year can be accessed by clicking on the appropriate tab or sequentially by using the continue button RISK VARIABLES i Average price per unit Minimum Most probable Maximum Product line 1 0 0 T Product line 0 0 0
22. hat wH map hol nep a F Hirve la fied aterm a inos that ogre 1 a actor facto het al eect r Dru s H G7 mih mdt Pre p Than fbig artha lem unah miry of pew cempetters Dat mand ha mean thet my tretra marger i damaar Wil g be cable Asean pm p q Pee en Punto de User s Guide is Aish Training Plan This section is accessed by clicking on the corresponding link in the training module To carry out the Risk Analysis we propose a series of steps which will allow you to easily and quickly Understand the significance of risk and uncertainty Identify and consider the elements and causes which could place your business project at risk Improve the risk analysis and management process associated with the business plan To this end the Training Plan through the so called Roadmap provides a training program for the development of the relevant content and allows the user to gaina global vision of the plan and access the different content by clicking on each stage I TRAINING PROGRAM The training program for making a Risk Analysis is a guide that will show you the steps to be taken in order to manage any possible risk as may affect the success of your business project IDENTIFICATION In this regard we propose that you take a road along which step by step you will be able to identity the key points that you need to take into account in order to ANALYSIS AND CALCULATION Understand the
23. he calculations for the variables introduced Below we will begin to explain the content of each of the screens in the Business Plan section according to the roadmap Select the Industry The user selects the economic sector identified with the business project and the desired language for the content of the application The risk analysis application is available in both Spanish and English If the business project does not correspond to any of the global industries identified you can select the Generic Industry for purposes of the application M Gist a F w T BUSINESS PLAN mro Emka Click on the drop down menus _ gie ee to select the industry and a gt eR desired language Taena rs ome G EAS NIS User s Guide Financial Plan The user recovers the financial plan previously filled out on the Community of Madrid web site mentioned above In order to avoid confusion please remember that the financial plan Is one of the plans included in the Business Plan together with the marketing plan human resource plan and legal plan The business plan Is required to continue with the risk analysis application If you have not already done so please fill in your business plan on the Prepare your business plan online web site mentioned above Once the entrepreneur has completed the business plan he or she may now access the Financial Plan phase to recover it and view the profit and loss account and balan
24. he net present value on the project given variations in the selected risk variable maintaining the risk levels of the remaining variables as constant It should be noted that for the calculation of the minimum and maximum NPV the 5 percentile minimum value and the 95 percentile maximum value for each risk variable is introduced with the remainder being considered as constant User s Guide Scenario Analysis The diagram shows the steps that the entrepreneur should follow to perform a scenario analysis after having completed the risk analysis 4 Simulation with New Definition of Scenarios Selection of Critical Variable Risk Analysis Scenarios 2 Selection of critical variable After having performed the risk analysis and analyze the reports generated by the tool the entrepreneurs should have identified which of the applicable risk variables would have the greatest influence on the success of his or her business project which would therefore require the greatest attention The user can select the variable to be applied to the scenario analysis using a drop down menu Risk Hnalysis N O D 5 W F O gt 3 w lt Le T 3 Definition scenarios User s Guide On this screen the user introduces the values for the selected risk variable Optimist or Best Case are those figures that the entrepreneur considers would be the highest that the selected varia
25. o the official web site of the Community of Madrid The logo of the Community of Madrid in the top left corner providing direct access to the regional Government web site e Homepage of the Risk Analysis application The Risk Analysis logo on the left hand side of the top of the page which provides direct access to the applications start page or homepage allowing you to easily return to the beginning from any point in the application e Locator Each page within the application includes a locator which will inform you of your location within the tool and the particular industry you are working in user selected e Module Bookmarks All of the screens contain links in the upper right hand corner which inform the user of the current section of the application and allow the user to navigate among the different sections in the module using the bookmarks e Language Selector English Spanish The entire Risk Analysis tool is provided in both English and Spanish Switch to either language by clicking on the word English in the Spanish version or Spanish in the English version respectively EM yhsk ED ameni er Minden User s Guide e Help This link on the top right hand side of the page leads to the help documentation provided to guide the user through the different aspects of the tool e Site Map This link opens a page listing all of the content and structure of the web site with titles and