What are their responsibilities and the phases of project

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Reference no: EM132293306

1. Project Managers responsibility is to see projects completed on time and within budgets. What are their responsibilities and the phases of the project? Why is it important to form a project organization?

2. Every day managers make decisions without knowing what will happen in the future. To enable them to make concise decisions in prediction several trends are used. Discuss the types of forecasts and why time horizons are important? Companies face realities when forecasting. Discuss them.

3. What is a product-by-value analysis, and what type of decision does it help managers make? Identify the factors that influence new product opportunities. In product decision, managers must accept risk and tolerate failure. Why is this hazard necessary in making new product decision?

4. The process of time is important when it relates to the quality of organization outputs. Discuss the time process used by organization to ensure quality outputs. What is the difference between conforming quality and target oriented quality? To ensure the quality of outputs, organizations are involved in the quality management of their outputs/products. Explain the TQM process.

5. Compare an intermittent process to a continuous process on the basis of variety, volume, equipment, utilization, and inventory. Name the tools of process analysis and design.

Reference no: EM132293306

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