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Project Scenario
The key stakeholders in this project comprise of the company owners (investors), project manager, resource managers, team members, employees, and the customers. The best solution is to implement labor specialization and division plan and adopt capital intensive methods of operation. The project manager will team up with the project team and budget the $10000 to cater for research and implementation processes. The decision will depend on the expertise present in the team and research evidence. The project will consider career management as the backbone towards implementation to attain financial stability and grow the company. Teamwork is highly recommended among the project team to generate quality results.
What would be significant risks to this project scenario and quantify them in terms of their probability and their impact on your project. Those risks with the highest probability and impact should be addressed in your risk mitigation plan. The actions you plan to take to minimize or negate the impact of the risk when it occurs.
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