If we consider the Paychex Flexible and ADP Compliance with Pay Convenience packages, the cost difference is even greater. Paychex Flexible is 543% more than QuickBooks Online Payroll, and ADPâs package is 477% more expensive. The Paychex cost ignores the cost of getting printed checks, which needs to be added to produce a fair comparison to ADP.
2) Adaptation: Another way of managing political risk is adaptation. Adaptation means incorporating risk into business strategies. MNCs incorporate risk by means of the following three strategies: local equity and debt, development assistance, and insurance. i) Local Equity and Debt:
Here Jean Scheid offers an example. 1  slide 1 of 6. The Need for Risk Management In the planning phase of a project, stakeholders need to develop a process for potential problems that may harm the project. 2  slide 2 of 6. Tools Youâll Need First, download the free escalation log template from our Media Gallery. 3  slide 3 of  6.