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Explain TWO strategies that a project manager might implement to address a project risk.
Risk avoidance - this strategy would be 'exiting the method that is giving rise to the risk'. This would mean aborting the entire project or changing or abandoning particular goals or objectives of the project.
Risk transference - subcontract the risk to a third party like as a specialist supplier who is more experienced in handling the risk. Insurance is another method to use to transmit some elements of risk.
According to Schein (2004),culture is essentially an established pattern of behavior built on shared basic assumptions generated by tackling crucial external adaptions and internal
The analogy method of estimating is frequently used to produce broad-brush evaluates at the start of a project. Why this method is mainly suited to such application? Determinin
Question 1: (a) Elaborate on the drivers of the ‘Age of Project Management'. (b) Differentiate between the terms ‘Project Management' and ‘Line Management'. (c) Expla
Steps for National Competitive Bidding (NCB) Similar to ICB, we have two ways involved in NCB: one with pre-qualification, another without prequalification. Steps for NCB are
The WAM Organisation is one of the very successful supermarket chains within its own country. Reputation for innovation of it is unparalleled into its own country along with the wi
Reduction in Costs : An efficient quality control system reduces the cost of production of the product due to reduction in wastage of raw materials, semi finished and finished good
What are the conditions of risk occurrence in project? Within a project environment there is all the time a risk or chance which adverse conditions arise, which could reason of
Questiuon 1 a) Describe on the factors that you need to consider when planning the presentation. b) Describe the importance of listening for members of the audience and expl
What is organisation structure in frame work of authority and responsibility? Organisation Structure: This structure is the systematic arrangement of the people working f
Describe all types of projects requirements according to Wijnen. Preconditions: It forms the context in which the project should be executed. Illustrations include legisl
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