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Explain TWO strategies that a project manager might implement to address a project risk.
Risk avoidance - this strategy would be 'exiting the method that is giving rise to the risk'. This would mean aborting the entire project or changing or abandoning particular goals or objectives of the project.
Risk transference - subcontract the risk to a third party like as a specialist supplier who is more experienced in handling the risk. Insurance is another method to use to transmit some elements of risk.
Identification of Customers: Who are the external and internal customers? Can customers be segmented either on the basis of the service that they require, or their attitudes t
Q. Why do I need project management? One more way of asking this question is What if I do not bother with project management? The reality is all projects demand some extent of
Linear Programming Methods of Line Balancing Assume that a job is broken down into elements tasks and the total duration of all such tasks is 28 minutes. The cycle time i, e,
X began his engineering apprenticeship with CM8 manufacturing ten years ago before moving abroad to work for other companies. He has now returned to work for CM8 as Operations Mana
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identify purpose of case study , general information about hospital, identified problem and proposed solution
M a n a ging Project Quality as per PMI Project Management Institute (PMI) is a global organisation for the project management profession; it is engaged in setting professi
QUESTION (a) The project lifecycle refers to a logical sequence of activities to accomplish the project's goals and objectives. Regardless of the scope or complexity any projec
This is one of the most tedious and difficult phases of design yet quality literally depend upon the correctness and completeness of the manufacturing drawings and specifica
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