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Project Management Functions
Let us now discuss the project management functions. Project management process consists of five core functions to utilise resources to accomplish project ends.
Bidding is a process in which you quote money in exchange of goods or services through an auction. They are two types of auctions: open auction and silent auction. In an open auc
Modification of Supply - Aggregate Planning Some of the methods by which we can modify the supply to match the demand are: a.Hiring and Lay off of Employees: As this poli
Capacities of Machine Tools and Surface Finish Capacities of Machine Tools: The dimensional limitations of machine or equipment and their capacities should be considered.
Define the term Scenario Planning in risk management. Scenario planning: It is about perceiving uncertainties for example identification of risks and the growth of pre-em
Question 1: Using the "Matrix" system of authority and responsibilities, describe the various organisational systems which may be applied to the management of projects. Disc
Disadvantages of FMS Limited ability to adapt to changes in product Substantial preplanning and capital Tooling and fixture requirements
Q. Illustrate the Product life cycle? Every food product passes through different phases throughout its life and therefore, the need for development of a new product arises. Ea
Selection criteria for Product One or few standard products Large volume of production of every item over considerable period of time. Possibility of time an
Explain the project scheduling in project management software. Project scheduling: Project software can assist automatically generate Gantt charts or critical path diagra
Project Management Value Initiative The project management initiative program is a six step process which is designed to bring about a measurement team from the introduction to
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