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Q. Can surprises be reduced?
Yes absolutely! By their vary nature projects are uncertain business and uncertainty can lead to both risk and opportunities. As a result a very important part of a project manager's job is management of risk and Risk Management. The idea is to move possible uncertainties away from risk (that is adverse time and cost implications) and towards opportunity (that will enhance the project and make it more successful). To do this potential risks should first be identified and preferably grouped in some way analysed and then appropriate defensive responses initiated such as workarounds or insurance. Failing that prepare unforeseen event plans as a precaution.
Why is it significant for project managers to understand the strategy of the organisation which uses their services? This enables the project to be considered in the context of
My team's project is about creating a restaurant utilizing "Electronic menu." My homework is to answer three questions about industry goals. 1. Is your industry growing? 2.
what is a benefit of a kaizen event?
1. Enterprises always seek to enhance the quality of service delivered to customers and end users. Justify. 2. Describe briefly the concept of capital budgeting for information
PERIL Database The Project Experience Risk Information Library (PERIL) is a database, which provides a basis for the analysis of high-tech project risk. A project can have
Read the BEC case study on pages 126–129 of the textbook, and perform the following tasks: Create a feasibility report for the project in a Word document. Create
Explain the terms "product" and "work package" and describe how these are related to each other. A product is a particular deliverable from a project and this may also make a wo
Budgeted cost of work performed (BCWP), or "earned value" (EV), in project management is the budgeted cost of work that has truly been done in carrying out a scheduled task in a p
Develop a work breakdown structure. 3. Make a list of the specific activities that need to be done between now and the wedding day. 4. For each activity, identify the person (Tony,
Q. You have been hired by a contractor, who wants you to organize a construction project for one of their clients. The project team has been working for six weeks. You need to eval
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