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The paper “ Supernova Project - Risk Assessment Model, Creation of Effective Support Systems, Knowledge Management for Better Resource Utilization” is a   meaningful example of a business plan on managementю The Supernova project aims at creating a basis for expansion across the UK with an eye on attracting new investment funds. The proposed cost of the project is £ 220,000. This paper seeks to recommend the process and implementation of a plan for the Supernova project. This plan revolves around the following two premises: Risk Assessment for information assuranceTraining and Development Activities for better orientationKnowledge managementMarketingRisk Assessment ModelRisk, in case of varied operational decisions, is seen as a focus of single determinants of behavior arising from risk theories.

(Stephenson, 2004) Various unresolved contradictions can be reconciled by examining the usefulness of placing risk propensity and risk proportion in a more central role than has been previously recognized through effective risk assessment programs. Based on such analysis, it is believed that the propensity of risk dominates both the actual and perceived characteristics of the situation as a determinant of risk behavior. (Stephenson, 2004) Such an observation can safely justify the finding that suggests that apart from being central to any and every business or organization, the risk is something that entrepreneurs in general, are averse to.

This can be attributed to the fact that at the end of the day, any loss of information has far-reaching implications of its own and is deeply rooted in the genesis of risk-taking and management. Coming back to the issue of the risk-averse nature of businesses in the context of the Supernova Project, the one question we need to ask before proceeding any further is whether a mere risk assessment is enough to act as a strong foundation for resolving all those difficulties arising out of risk management in case of expansion activities.

For the answer, let us consider the diagram below: If the above diagram is considered, the answer is, no. And more and more organizations in the expansion arena are beginning to recognize this basic premise, which has led to creativity in the sphere of risk management strategies.

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