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Unit rate contracts In a unit-rate contract, the seller commits to providing each unit of work defined by a buyer for a fixed price per unit of each work item. Engineered m
What are the advantages of bottom-up decentralised approaches? Project budgets can be imposed by using bottom-up that is decentralised approaches for example project manager or
QUESTION (a) Accurate estimation is crucial for effective planning and control and is associated with time, information, experience of estimator, techniques used and funding. D
Quality and Cycle Time in Projects The cycle time is a very important outcome variable because the projects are usually carried out under the strict delivery schedules. The cyc
PERIL Database The Project Experience Risk Information Library (PERIL) is a database, which provides a basis for the analysis of high-tech project risk. A project can have
When someone says project management tool, the first thing that comes to mind is Microsoft Project. Microsoft Project is just one of the many tools available to and required by p
What are the Disadvantages of Division of Labour? Disadvantages of Division of Labour are as follows: a. Division of labour provides rise to loss of craftsmanship, workers t
T, a member of the finance team, has been constantly arriving late to work and in recent months he has consistently made significant errors in his work. A number of colleagues have
Managerial function of organizing Organizing is the process of grouping activities and resources in a logical and appropriate manner. Because of the changes that take place wit
Teams are made up of individuals, values and beliefs drive team behavior. Individuals represent an important dynamic in the study and application of team behavior. Individuals pr
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