A

PROJECT REPORT

ON

“RISK MANAGEMENT”
AT
MAHALAXMI ENTERPRISES

2019-2020

PROJECT REPORT SUBMITTED TOWARDS PARTIAL

FULFILLMENT OF THREE YEAR BBA DEGREE PROGRAM

Submitted by: Guided by:

NAMAN MOD DR. DIMPLE GAUR
B.B.A FINAL YEAR (FACULTY-B.B.A PROGRAMME)
 BHUPAL NOBELS’ UNIVERSITY, UDAIPUR

PREFACE

It is very easy to give solution to the problem while sitting in an office but
difficulties arise when they are practically implemented in the market training thus
aims at giving the student a practical exposure of the highest level and the student in
acquiring the same.

The project aims at making the student aware of the market condition and how
the functional parts work in the organization. Training is an integral part of B.B.A.
and every student has to undergo the training for 45 days in company and then prepare
a project report on the same after the completion of the training.

On getting an opportunity to work with Mahalaxmi Enterprises. we readily

agreed to have a project in the prestigious company.
During the whole training, we get lot of experience and come to know about that real
business differs from the theory and learnt many new things, practically. I undertook
the project on "WORKING CAPITAL" at Mahalaxmi Enterprises.
 ACKNOWLEDGEMENT
The successful completion of any project requires guideline and help
from a number people. I therefore, take this opportunity to express my profound
sense of gratitude to all those who extend their wholehearted help and support
to me carrying out the project work.

At the onset, I would like to thank Mahalaxmi Enterprises for giving me

the approval to this project in such a prestigious and professional organization
and also for their immense contribution towards execution and completion of
this project, I am grateful to Mr. Rajesh Suhalka (Executive-FINANCE &
TRAINING) Mahalaxmi Enterprises for the moral support, encouragement
and generous assistance.

I shall be failing in my duty if I do not express my thanks to the project

guide Mr. Mukesh Mahalaxmi Enterprises who undoubtedly helped me and
without whose help the project would not have been completed.

I also feel indebted to all the other staff members of Mahalaxmi

Enterprises for their cordial behaviour and helping nature, have no words to
express adequately my deep sense of gratitude to each and every one who has
directly or indirectly helped me to complete this project successfully.

NAMAN MOD

BBA 3rd YEAR (VI SEM)

 CHAPTER 1
INTRODUCTION

1.1 INTRODUCTION

Project management is the application of knowledge, skills, tools,

and techniques to project activities in order to meet or exceed stakeholder
needs and expectations from a project. Project risk management includes the
processes concerned with identifying, analyzing, and responding to project
risk. It includes maximizing the results of positive events and minimizing the
consequences of adverse events.

Generally, risk is a choice in an environment rather than a fate. BS

6079 (British Standard Institution 1996) defines risk as ‘It is the uncertainty
inherent in plans and possibility of something happening that can affect the
prospects of achieving, business or project goals’. The word “risk” was
known in the English language in the 17th century. It is believed that the word
was originally a sailor’s term that came from the Spanish and meant “to run
into danger or to go against a rock.” The money spent to fund shipments
overseas was the first example of risk business in the early days of travel.
Each and every activity we do involve risk, only the amount of risk varies.

Prof. Kent Miller of Purdue University defines risk as

“Unpredictability in corporations/business performance outcome variables.”
About Uncertainty he defines as “Unpredictability of environmental and
organizational variables that impact the corporations/business performances.”

Consequences of uncertainty and its exposure in a project, is risk. In a

project context, it is the chance of something happening that will have an
impact upon objectives. It includes the possibility of loss or gain, or variation
from a desired or planned outcome, as a consequence of the uncertainty
associated with following a particular course of action. Risk thus has two
elements: the likelihood or probability of something happening, and the
consequences or impacts if it does. Managing risk is an integral part of good
management, and fundamental to achieving good business and project
outcomes and the effective procurement of goods and services. Risk
management provides a structured way of assessing and dealing with future
uncertainty.

Project risk management includes the processes concerned with

identifying, analyzing, and responding to project risk. It includes maximizing
the results of positive events and minimizing the consequences of adverse
events.

RISK IN ELECTRONICS