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Q. What is a successful project?
Since each project has an element of newness about it there will be difficulties and risks to be surmounted. These require decisions and may be trade-offs between competing project objectives such as cost and time but in the last analysis the successful project is one which satisfies the client and the stakeholders and is seen to do so in its most important dimension quality. Quality is classified as conformance to requirements.
Once the process capabilities of available processes are known the process selection is then just a question of matching the process capability with the tolerance specified
How can management get more number of goods? Management can get more number of goods (output) though the similar amount of resources input as given below: • Through reducing
Backward Integration A strategy in which an organization builds competitive benefits by controlling the provider of the raw materials needed to make its products.
Introduction The project 'Syringe Management Plan' is created to protect the community against misplace of syringe that causes accidental needle injury. This project is introdu
How is Economic Order Quantity depended on costs? Economic Order Quantity depends on two costs as illustrated below: - Inventory procurement costs that consist of expenditur
Lack of Specialized Supervision There will be greater difficulty in securing specialized supervision. Because line layout consists of several machines requiring a wide range o
Define the Resource Histograms in short. Resource histograms A resource histogram is a column (or bar) chart which demonstrates the number of resources allocated to a pro
Risk type To identify specific problems in your project, you first need to categorise the risks. The project constraints are well-organised in the PERIL database, which are
Disadvantages of participative management: There are also disadvantages to participative decision-making. Implementation of the tough decisions taken by the management th
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
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