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Levels of strategy There are three levels of strategy: Corporate strategy is the overall (grand) strategy for the organization as a whole. Business strategy refers to
What do you understand by "line balancing"?
charateristics of a good network
Contract Management There are many things involved in a project risk policy. One of them is contract management. Various kinds of contract can have an impact on the success of
What is the important role of planning in the management? Planning: Planning can be described as deciding in advance regarding the goals to be pursued through the enterpris
Characteristics of Process Planning Since a process is required to manufacture a product it is necessary to plan the process. Process planning comes after it has
Define the term risk in risk management. Risk: It is the probability or chance of something which may or may not arise; this is something that can be quantified by using s
Determine the critical path by activities and duration. Activity Duration (Wks) Preceded by A 5 -
What do you mean by differentiation in organisation structure? Differentiation implies differences in cognitive and emotional orientation in between managers in various departm
What are the questions of the initiation phase? Questions to be answered in the initiation phase include the given as: • Why only project management? • Is this feasible?
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