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Q. What is a project plan and what does it involve? A well incorporated project plan is the primary tool for effective coordination of the work and for tracking and steering pr
What are the risk management strategies? Risk management strategies: • Retain the risk (Absorption) as like when the risk is small and won’t influence the project a great de
Problem 1: (a) What do you meant by Life Cycle Costing? (b) Explain briefly the methodology for Life Cycle Costing. (c) Why might a procurement officer consider procuri
Operations and project management: Operations and project management are very important functions in any organisation. Operations management is is concerned with the productio
Q. How do I organize and apply resources? A. The first moreover most important step in the implementation phase is to re-visit the project plan (or the project brief) and to
Question: (a) A project manager must take ownership of the project at its early stage through the following tasks namely: stakeholder identification and analysis, prepare a bus
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
Number of post-release defects (found by clients in field operation), categorized by level of severity Ratio of defects found internally prior to release (by inspections and tes
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
R educe inspection cost by acceptance planning In few cases where there are number of methods, available to protect the supplier and the customer from poor quality, it so happ
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