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Q. Concept Development and Testing in process of development?
A concept is an elaborated version of the product idea. The concepts are developed to the extent of the new product satisfying consumer needs, the price strategy involved for positioning of the product in the market, purchase intentions at a given price level and so on. This exercise of concept building helps to face and understand the situations better and is a proactive approach.
Components of Supply Chain Management Today, it is the basic requirement amongst customers that businesses produce defect-free products to the customer faster and be more consi
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
Risk Management Responsibilities Each and every person in the project team has a responsibility of performing a particular task and must indulge in risk management process. T
Explain the WBS or CBS budgeting planning in project. Throughout a project, financial control can be accomplished by actual expenses being tracked against every budget assigned
Q. What if I need more money? The similar applies here as in Question 17. Though the options that are open will depend on how far the project has already advanced. In general t
In the previous learning unit, you examined your values, aspirations, strengths and competency gaps to identify three goals towards which you will strive in this programme and in y
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
determine the most significant changes that have occurred in procurement in the last few years and what this means for your organization or an organization of your choice.
What type of relationship and reporting arrangements must the project manager have with the sponsor? The sponsor of a project shows the management of the organisation which com
QUESTION (a) Feasibility Study is a preliminary study undertaken before a real work of a project start what factors should the project manager take into consideration while con
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