What is a Tender? 10 Types of Tender, Concept, Method, Example, Benefits, Drawbacks


Tendering is a process that involves inviting bids or proposals from potential suppliers or contractors to undertake a project or supply goods and services. This process is used to ensure transparency and fair competition among suppliers.

What is Insurance? Why do We Need It?


Insurance is a contractual arrangement between an individual or entity (the policyholder) and an insurance company, whereby the policyholder pays a premium in exchange for the insurer’s promise to provide financial protection and compensation for specific types of losses or damages.

Scenario Analysis: [PDF Inside] Process, Example, Benefits, Tools, & Challenges

scenario analysis

Scenario analysis is a technique used in strategic planning and risk management to explore potential future events and their potential impact on an organization or a system.

Black Swan Events: Understanding the Impact of Unpredictable and Rare Occurrences

black swan events

Black swan events are unpredictable and rare occurrences that have a significant impact on society and the economy. These events are characterized by their extreme rarity, high impact, and difficulty in predicting them. Black swan events can take various forms, including natural disasters, pandemics, financial crises, and terrorist attacks. These events are often referred to as “black swans” because they were once thought to be nonexistent, but when they do occur, they have a profound impact on society.

VaR : Value at Risk

VaR stands for “Value at Risk”. It is a measure of the potential loss that an investment portfolio, trading position, or firm may incur due to adverse market movements over a specified time horizon and with a specified level of confidence. In other words, VaR is an estimate of the maximum amount of money that … Read more

Operational Risk

Operational risk is the risk of loss resulting from inadequate or failed internal processes, people, and systems, or from external events. This type of risk is typically associated with the day-to-day operations of a business, and it can arise from a variety of sources, including human error, technology failures, fraud, and regulatory compliance issues. Understanding … Read more

Investment: Why Should We Invest?


Investment refers to the act of committing money or resources to an asset, such as stocks, bonds, real estate, or commodities, with the expectation of generating a return or profit on that investment over time.


Inflation is the rate at which the general level of prices for goods and services is rising, and subsequently, the purchasing power of money is decreasing. In other words, it is a sustained increase in the average level of prices over time. When there is inflation, each unit of currency buys fewer goods or services … Read more

How to Make a Project Using Java language?

Steps: To make a project using the Java programming language, you can follow these steps: These are the basic steps to create a project using Java. The specific details of each step may vary depending on the scope and complexity of your project, but these steps should provide a good starting point. Example of Java … Read more

What is Crypto Currency?

Cryptocurrency is a digital or virtual asset designed to work as a medium of exchange. It uses cryptography to secure and verify transactions as well as to control the creation of new units. Cryptocurrencies are decentralized and typically operate on a technology called blockchain, which is a distributed ledger that records all transactions. Some examples … Read more