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Why is it important to reduce risk in a project? Discuss how the financial aspects of a project are interrelated to risk assessment. How are you planning to employ risk planning into your final project
1. What are project management processes? What are product-orientated processes? Give examples of both. Why is there a balance between the two? (Craft this well to tie into Question 2).
Winsome Manufacturing Company produces plastic storage containers and sells them to the home consumer through home sales events. At the company's quarterly meeting, the head of marketing described a new product to be introduced in the first quarte..
Describe several broad principles that could be applied in helping the individuals involved understand what went wrong in the following events. What suggestions could you make for remedying the problems involved?
Did the project deliver the benefits/results promised?
The project management plan is a stand-alone document that the Project Sponsor will use to assist in obtaining Project Stakeholder sign-off. Describe the project. Explain it in a way that someone completely unfamiliar with the industry, concept, or..
How does risk identification help with project contingency planning?
Are these problems specific to the organization or common to most organizations in the industry?
Of these drivers, which one is the most important in most organizations in your industry? Why?
Explain the process of subdivision of activities and events that composes the tree diagram known as the Work Breakdown Structure.
How do you determine the residual value at the end of the project life?
What is the cumulative earned value at the end of week 3? For those familiar with the DoD and PMI terminology, this is the BCWP. Using data from Tables 1 3, what is the Cost Performance Index at the end of week 3?
What additional costs must be taken into account when making a short-term pricing decision where surplus capacity is not available, and overtime, additional shifts, or other means must be used to expand capacity?
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