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What do you mean by variable costs? Variable costs conversely, tend to vary directly along with the volume of output. Illustrations of variable cost are as given below: direct
What are the benefits of using work breakdown structure? The benefits of using WBS (work breakdown structure): a. It can be used to assign and delegate responsibility to ass
How do I create a risk management plan
Certain aspects of your project may be sensitive. Henley is aware that confidentiality may be a concern. When you submit your report it will only be made available to staff that ne
Even when the design has been released for production it cannot be considered to be absolutely final requiring no further changes. Certain problems may be faced during produ
Question 1: Explain the Scoring Method for project selection a) Un-weighted 0-1 factor method and Weighted factor scoring method b) Show the algorithm for solving the sh
Risk Management Responsibilities Each and every person in the project team has a responsibility of performing a particular task and must indulge in risk management process. T
This is one of the most tedious and difficult phases of design yet quality literally depend upon the correctness and completeness of the manufacturing drawings and specifica
Introduction to Risk Management Let us begin with defining Risk. Risk, is an integral part of the business scenario, and can be termed as a potential event that can have opport
Precedence diagram and identify the element A task having 12 work elements and their logical relationship and time ( in Seconds ) taken is given in the table below. C
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