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Define your business, state its mission, and explain its general strategy. See the posted outline of this part under Course Materials. For strategy, the handout provides simple guidance, but refer to the Strategy Slides under Course Materials for deeper insights into the nature of the focused firm and the other generic strategies.
Remember to reply to two other students as well. An updated version of this part should form the first part of your actual business plan in Week 8, so take your fellow students’ advice to heart. The version that appears in your business plan should be an improvement from this one, rather than merely a duplicate.
The minimum length for this assignment is quite short (250 words), but write as much as seems to be necessary to convey your idea accurately. There is no penalty for writing a lot. You are the entrepreneur in this scenario, after all. You need to be free with your ideas. You are also free to change your mind about your idea along the way.
for my business plan idea you can come up with anything 

The first of my two points of interest from this weeks readings is with the different types of contracts. According to CMBOK 2015, the different types of contracts that are used are fixed price, cost reimbursement, incentive, and other. Fixed-based agreements have a set price for its deliverables, where the actual cost does not matter. This type of contract may be appropriate when deliverables/milestone are well-defined, cost estimate is solid, and funding will sufficiently cover all project expenses (Zhu, 2021).  For these contracts payment is focused on milestones and delivery of the goods, not any R&D costs associated with the work. On the other hand, cost reimbursable agreements are generally used when there is a lot of variables and when there a lot of unknowns. A good example of this is with R&D work, like the Manhattan Project, where there was no way of knowing if the weapon could be built and what was the way to build it. For these projects, the awardee is reimbursed for actual allowable, allocable and reasonable project costs in line with the approved budget (Zhu, 2021).
My second point of interest from this week’s readings is with the metrics that are measured for a project. Metrics are a specific measurable standard against which actual performance is compared (Gordon, 2016). They are broken down into what they attempt to measure, the past or future. To look forward, leading indicators originated from economics, where it is designed as a measurable factor that shifts prior to the economy following a trend (Marr, 2021). Whereas a lagging indicator shows the past, by looking at goals and targets that were either achieved or missed. Having a good view of both leading and lagging indicators, you are able to correct issues that have arisen, judge how a project is progressing and make timely decisions to drive the projects performance. 
References.
Contract Management Body of Knowledge (CMBOK). (2015). National Contract Management Association. Retrieved from https://web.archive.org/web/20220621080326/https://www.apu.apus.edu/academic/partners/_documents/cmbok-desktop-pocket-guide.pdf 
Gordon, R. (2016). Contracting, logistics, reverse logistics: The project, program and portfolio approach. Westphalia Press. Retrieved from https://apus.libguides.com/ld.php?content_id=41212038 
Zhu, J. (2021). Cost reimbursable vs fixed-based agreement types. UCLA research administration. Retrieved from https://ora.research.ucla.edu/wp-content/uploads/RAF-2021-10-OCGA-agreement-types.pdf 

Article summary review guidelines
All current events selected should relate to the chapters
assigned for reading.
·      
Select a current event from
the newspapers, magazines, current internet story, or any other source where
something significant has occurred during the week.
Please
do the following once your current event has been located –
Identify the
article, the author, and where it appeared?
Type or
nature of industry, or business being discussed.
What is the
situation, issue, symptom, or problem being discussed?
How does the
article relate to the course?
How can you
compare, contrast, or develop the topic in context with what you have
studied in the course this week?
What do you
conclude from reading the article?
WRITTEN
REQUIREMENTS –
Cover page,
and Reference Page
2 pages of
actual text
Double
spaced