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Q1) Describe, discuss, and outline the process of economically appraising risk. Define and discuss the five steps in the process
Q2) Explain the purpose and rationale of the risk identification process and discuss the process to review the procurement that should be done during the brainstorming session.
Ensure that project goals support corporate strategies.
This excerpt explains what factors might intervene between a project plan and its execution to disrupt the resources assigned to the project.
Why is quantitative risk so important in risk mitigation? Explain how you have seen this in live action or in your organization.
Why would a project be categorized by its risk class? What effect does this categorization have on the cost of capital?
First, Forecast the cash flows generated by project X over its economic life. Second, determine the appropriate opportunity cost of capital(r).
Create a mission and vision statement for your organization and determine at least three specific strategic goals that align with the ideals in those two statements.
Establishing a project objective is a critical component to the project. Why do you think this is critical? What happens if a project objective is not clearly stated or known?
As a project manager, discuss the cost and time methods you would chose to work with and why you believe these are the best.
Norman Harvey Bank in order to immediately invest the entire $20,000 into the West Bank term deposit account being offered.
Appraise cultural issues to avoid pitfalls and manage international projects successfully.
Calculate the completion time for the project. (Completion time = weeks)
What is an acceptable risk and how would you determine this?
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