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What is the primary objective of controlling? The main objective of controlling is to bring the actual operational performance of enterprise onto the accurate track according t
The Board of PCC Company, which operates in the investment and risk management industry, has explained that in order to 'take the company to the next stage of its growth' there wil
C Consultancy Company gives management consultancy to a range of organisations. It employs staff who have different industry backgrounds and who also offer different specialisms,
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
What are the disadvantages of bottom-up decentralised approaches? Project budgets can be imposed by using bottom-up that is decentralised approaches for example project manager
Q. Why do projects always seem to cost more than expected? In general this seems to stem from three causes. The first may merely be an overly optimistic cost estimate. Sometime
Understanding Project Contracts Project contracts invariably involve construction and therefore we will discuss contracts necessarily involving construction in this section. I
S catter diagrams The possible relationships between two variables are identified using scatter diagrams. In order to understand data as a whole, it is very important to under
What is delegation of authority? Delegation: There is a restriction to what an individual can do single-handed. After a point, another person working within the organisat
Q1. Explain the procedure of MODI method of finding solution through optimality test. Q2. a. Explain the steps in Hungarian method. b. Solve the following assignment proble
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