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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!
Planning which is the process of formulating future courses of action (i.e. deciding in advance what needs to be done, how it is to be done, when it is to be done and by who. W
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1. Some of the tasks in this project can be done in parallel. Prepare a diagram showing the required networks of tasks and define the ciritical path. What is the length of the proj
Before the preliminary design has progressed further it should be subjected to a critical review by all those who are connected with the product such as quality engineers
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