As previously discussed, financiers carry out a thorough financial analysis of a project, including an assessment of all potential events or factors that can impact a project's cash flow. The lender will look at all the project assumptions, consider if the projections are reasonable and then consider the likelihood that the project can maintain sufficient cash flow to meet its loan obligations. Equity investors will also examine the project's projected performance but will focus more on their Return on Equity and those factors that can affect it.