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QUESTION
Implementation should focus on the achievement of agreed outcomes, so that if a problem is encountered with the plan, other courses of action will be employed.
What are the basic control elements in generic projects and illustrate why each one of them is important illustrating answer with examples. What are the types of questions (at the planning stage) one should address with respect to each control element to minimise risks of being caught by surprise during implementation?
Prepare a 1-page Cost Estimate in MS Excel for the project similar to the example provided below. Use the WBS items provided below, and be sure to document assumptions you make in
Q. Market Testing and Commercialization? The new products are tested in the markets on four parameters: trial, first purchase, adoption, frequency and volume. This test mar
What is Buffering in risk management? Buffering: Buffering or slack is the allowance of additional cost, resources or time for example ‘just in case’ specific events or r
Discuss the concept of "simultaneous loose?tight" by Peters and Waterman
Q. What is a task manager? Terminology in the project business is extremely confusing. Different people as well as different organizations use different names to mean different
Computerized Relative Allocation of Facilities Technique (CRAFT): The previous difficulty can now be alleviated because of the availability of computer software packages like
P o w e rful cost reduction The project cost accounting will track the quality-related costs which can be an important management tool. For example, suppose there are some
Risk Management in the TQM Framework Total Quality Management (TQM) is one of the widely used project management technique or approach. TQM mainly concentrates on process m
Advantages of FMS Flexible manufacturing systems are regarded as one of the most efficient methods to employ in reducing or eliminating problems in manufacturing industrie
Linear Programming Methods of Line Balancing Assume that a job is broken down into elements tasks and the total duration of all such tasks is 28 minutes. The cycle time i, e,
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