Project risk management has become an important area of interest in project management practice over the past decade. Numerous best practice standards, tools and techniques have been developed focussing on a more effective risk management process. This process consists of four main phases:...

Primary responsibility for risk and risk management with the business, Responsibility for risk management assigned to individual "risk owners", Support to and control of the business by specialized expert functions...

The paper presents risk management process in a rice commodity company. Operational risk, as one of the oldest risk that already occurred in a business process for centuries is the main topic that will be discussed in the paper. Operational risk played important factor in the company's business...