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Introduction and historical background
Brief explanation of suggested entrepreneurial venture
The venture under consideration is a rice brokerage organization which is a service providing firm regarding offering and purchasing of rice to and from different dealers and rice mill owners. This organization will provide as a middleman and do not require investment in purchasing rice but this company will fee 0. 5% commission payment from each buyer and vendor for a single transaction. The aforementioned said fee will be costed due to providing services to rice dealers and rice mill owners.
Context of the organization
The business of rice brokerage firm is based on the service industry. The type of rice brokerage organization is to facilitate people related to rice business to find buyers and vendors of rice.
1 . Why was obviously a risk management program considered pointless? According to the contract award, deals at that time would not require which a risk management prepare be develop while according to the sponsor the chance management plan was not necessary because almost all of the new weapon systems requirements are established by military workers who have not any sense of reality as to what it takes to produce a system system based on technology which will does not even exist however. According Kerzner, in the earlier times of the job management in many industrial programs, the majority of project decisions heavily favored cost and schedule. This is because all of us knew more about price and booking than we all did about the technological risks. However it is essential that programs define and put into practice appropriate risk management and a contingency plans to boost program supervision effectiveness and offer program managers a key device..