Common use of Sensitivity Analysis Clause in Contracts

Sensitivity Analysis. In order to explore the potential impact of a range of variances on the numerical outputs from the option appraisal process, a limited sampling-based sensitivity analysis was conducted. This attempted to understand the main effects of varying key values on the relative prioritisation and scoring of options. The sensitivity analysis conducted considered the variables below:  Variable 1: Applying overall (group) scores to amended weightings based on the inclusion / exclusion of the weighting identified by individual stakeholder groups  Variable 2: Applying individual stakeholder group scores to agreed overall weightings  Variable 3: Excluding single individual stakeholder group scores from agreed overall scores and weightings (using an amended mean score)  Variable 4: Applying individual group weightings to the same groups individual scores

Sensitivity Analysis. In order to explore the potential impact of a range of variances on the numerical outputs from the option appraisal process, a limited sampling-based sensitivity analysis was conducted. This attempted to understand the main effects of varying key values on the relative prioritisation and scoring of options. The sensitivity analysis conducted considered the variables listed below:  Variable 1: Applying overall (group) scores to amended weightings based on the inclusion / inclusion/exclusion of the weighting identified by individual stakeholder groups  Variable 2: Applying individual stakeholder group scores to agreed overall weightings  Variable 3: Excluding single individual stakeholder group scores from agreed overall scores and weightings (using an amended mean score)  Variable 4: Applying individual group weightings to the same groups group’s individual scoresscores Detailed results of this sensitivity analysis can be found in the complete Option Appraisal report if required.