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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
What are the important phases of project management? The six phases of project management: Dividing a project within phases makes this possible to lead this in the best poss
Project Management Functions Let us now discuss the project management functions. Project management process consists of five core functions to utilise resources to accomplish
IT is the ultimate goal in TQM and thus forms the focal element in TQM. The company should exceed the customer expectations and make him delighted. This means giving
Illustrate an example of demonstrating a network or critical path by given activity and duration. Activity Duration (Wks) Precede
Work breakdown structure: The work breakdown structure, as its name suggests, represents an organised and logical break down of the project into its component parts. Thus break
Project team members Ensuring success of a project is one and only goal of all the project team members. The responsibilities of project team members are to: Provide
Factors affecting Process Design - Level of Product In today marketing environment mass produced products with high product quality offer a better competitive edge to the manu
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Cost Targeting Cost targeting is the pricing method which has to be used by the firms. It is defined as the cost management tool used for reducing the overall cost of the produ
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