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Risk Matrix Terminology It is a term where table used in risk analysis in which rows show the risks and columns show their likelihood (probability) of occurrence and their imp
Illustrates the Project Evaluation and Review Techniques? PERT (Project Evaluation and Review Techniques): The technique of PERT helps provide better time evaluation for
The management of risk is proving to be one of the most difficult tasks for the project management profession. How can risk be managed effectively and who should be responsible for
Factors affecting Process Design - Nature of Product The operations management has to design the production systems to produce products/ service of the kind that customers wan
• Develop a project concept. Find a stakeholder who will act as sponsor for the project. Outline the business problem that the system is intended to address, and establish an initi
QUESTION (a) Risk has always been an intrinsic part of project management. With increasing market dynamic conditions, Safety and Health in workplaces, changing technology and g
Q. How much time should planning take? T imes taken for individual projects differ considerably frequently due to circumstances beyond the project manager's control such as ch
Materials Management as an Operating Function : In small scale industries generally the function of materials management is considered subordinate to the production func
What is the working of definition phase in the project management? Definition phase: After the project plan that developed into the initiation phase, has been approved, a
Identification of Customers: Who are the external and internal customers? Can customers be segmented either on the basis of the service that they require, or their attitudes t
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