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Q. What value does project management add?
This is extremely difficult to answer in traditional accounting terms for the reason that the real value is in the quality of the end results and the avoidance of unnecessary delays and costs. Briefly the stakeholder as well as customer satisfaction. It's similar to taking out insurance no one argues about taking out the right amount of insurance. No one must argue about doing the right amount of project management. Keep in mind that Murphy that good old proponent of humorous laws has said A poorly run project will take three times as long and cost three times as much as a well run project. But he as well added compared to a well run project which only takes twice as long and costs twice as much. For our financial accounting friends that is a 50% saving right there!
Explain how the techniques of PERT (Project Evaluation and Review Technique), scenario planning and buffering could be used in project management with specific reference to the tim
Span of management Span of management refers to the number of subordinates who directly report to one superior. If a manager has too many subordinates then his span is wide and
i need a 5000 words report, i have already submitted a project plan from a material. i want report from already available material and some portion from yours as well.
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
What are the important phases of project management? The six phases of project management: Dividing a project within phases makes this possible to lead this in the best poss
Explain about the development phase in the project management. Development phase During the development phase, everything that will be needed to implement the project is
Q. What is a project plan and what does it involve? A well incorporated project plan is the primary tool for effective coordination of the work and for tracking and steering pr
Ask question #MinimA new client of theirs named “ S&Y ” has started handing good amount of projects to them. It is estimated that in the upcoming year this crucial client will be g
Risk Breakdown Structure (RBS) R isk Breakdown Structure (RBS) is a tool developed by Dr. David Hillson that is used to guide the risk management process. He describes RBS as
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
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