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Q1) You met with the entire project team, many of whom worked together during the RFP process. You introduced yourself and reviewed the project scope, deliverables, and schedule. You brought up project risk management and noticed questioning looks in their eyes. You realized that project risk management means different things to different people.
What does project risk management mean in the context of project management? Use the materials at your disposal, and PMBOK, to describe project risk management as a component of the project management process.
Q2) How does the PM actually assure that all changes are reviewed?
What factors determine whether a project's beta will be higher or lower when calculated against a domestic stock index versus a world stock index?
Whose advice would you seek regarding the pipeline projects? How would you evaluate them to see if they add value under your new "vision" of portfolio management?
Explain how improving quality can lead to reduced costs.
Compute the optimal production size for the fertilizer.
First, Forecast the cash flows generated by project X over its economic life. Second, determine the appropriate opportunity cost of capital(r).
Also, speculate the deliverables you would provide if you are working on the project.
Recommend three actions that the project leader should take in order to identify and understand the technical challenges and issues facing the project
Describe five types of risk and discuss management techniques for eliminating, reducing, or mitigating each type of risk type.
What form of business organization would you choose for this venture, and why? Outline the advantages and disadvantages of each of the three major types of business in this particular context.
Using the following project information, calculate the variance for each of the project activities.
Risk management is a matter of identifying the situations that could cause your project to fail.
The sales manager is always focusing on how to improve customer service. Initiate periodic upgrades based on current trends.
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