The goal of the master´s thesis is to approach the isue of risk of investment projects and to deal with situations regarding these risks. The thesis describe the types of risks, their classification, methods of their identification, analysis, and their subsequent processing. In the practical part there will be clearly shown how the influence of some risks can affect the project and its cash flows. The subject of illustrative application is the Aquapark project in Uherské Hradiště
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