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What is Buffering in risk management?
Buffering:
Buffering or slack is the allowance of additional cost, resources or time for example ‘just in case’ specific events or risks do arise. Slack makes a provision for uncertainty into project environments. Some risks categorised for a project to introduce a modern computerised system.
R educe inspection cost by acceptance planning In few cases where there are number of methods, available to protect the supplier and the customer from poor quality, it so happ
GBF Group is a leading food and beverage manufacturer with an international presence in over 50 countries worldwide. The group has seven strategic business units (SBUs) and each ha
Explain the products which typically result by the given project stages: Project Start-up; Analysis of Needs; Design Integration and Testing. Typical products include: •Pro
Q. What if I need more money? The similar applies here as in Question 17. Though the options that are open will depend on how far the project has already advanced. In general t
Perform a status assessment of the second Elaboration iteration. DO NOT GENERALISE. Assess each activity separately against the outcomes specified for the activity. Generate a deta
What is the conclusion about liberalization? As a conclusion, we can say only that liberalization is superior and desirable but which does not strengthen the case for privatiza
Strategy is developed at different levels in large organisations. The process starts with the corporate strategy which is then translated into the strategy for the business divisio
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
B enefits of quality The benefits of quality in project performance are: C ustomer satisfaction: is the result of a quality product or project. If customers requirem
Example of a strong matrix
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