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Explain about the project management systems.
Project management systems:
Each project must have a plan and a set of goals or performance measures to achieve this. Control is required to make sure what is intended in fact comes to be. The intend of a good control system is to make sure about the right things get completed, therefore there has to be some type of plan, budget, standard, rule book and instructions or some other target to adhere to. There control is dependent onto the receipt and processing of effectual information, standardised and consistent filing, administration and controls can all make sure an effective system.
Failure Cost of failure may result from either internal failure or external failure. Internal failures are those that occur before the product is delivered, internal failure co
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what is project valuation?
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