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Building Your Plan – 7.1 External Factor – Business Context

This video explains how to add a specific external factor and why direction, scale, coverage, timing and commentary matter

Written by Stephen Wood

What this video covers:

  • When to use an external factor

  • How to define the factor clearly

  • Why direction, scale, coverage and timing need to be realistic

  • Why clear commentary helps others review the assumption later

Who this is for:

Direct suppliers and brokers adding a specific external factor that trading teams need to plan around but do not directly control

Related articles:

  • What is an external factor?

  • How do I add an external factor?

  • How do I estimate external factor impact?

  • How do I explain external factor assumptions?

Related journey:

  • Start the external factors learning journey

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