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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
Define the conformance management systems. Conformance management systems: Makes sure the output of the project for example the end product or result gathers the customer
What are the disadvantages of critical path analysis? Disadvantages of critical path analysis (CPA): a. Supposes a trade off among time and money but most staff cost coul
Chapter 6 presents several tools that can be useful when assessing for project uncertainties. Compare and contrast risk mapping, FMEA, and the gut-feeling method. Which method do y
The steps to create a run chart are: 1. Identify the process to be observed: Ensure that the process involves some kind of repeatable activity in which results remain consis
Describe the roles of the sponsor. The sponsor’s role is to signify the organisation commissioning the project and to create the main business decisions relating this. The spon
Q. Use of both innovative approach in development process? There are many major aspects that will sway the future trends in the development of new products. In the new millenn
• What do you consider are the leadership skills required of a project manager in relation to the processes involved in managing complex projects? • In any project it is important
create a risk management plan for all the formulated risks on payroll project
Introduction to Risk Management Let us begin with defining Risk. Risk, is an integral part of the business scenario, and can be termed as a potential event that can have opport
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