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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.
Understanding the different models of project manage. How is projectized different from managing and controlling task.
Policies are general statements to guide subordinate thinking in the decision making process. policies define the area within which a subordinate may make a decision. In
Question: (a) The findings of Parasuraman et al have demonstrated that there are gaps in the service delivery leading to several misunderstandings between customer expectations
VK Ltd a multi-product Company, furnishes you the following data relating to the year 2000. First Half of the year Second Half of the year Sales Rs. 45,000 Rs. 50,000 Total Cost Rs
1. Explain the concept involved in operations strategy and the emerging trends in the area of Operations Management. 2. Draw the network. Find critical path and project duration
Continuous improvement: The library should set goals for continuous improvement. To develop this a focus on training, education, communication, recognition of achievements
Risk Matrix Terminology It is a term where table used in risk analysis in which rows show the risks and columns show their likelihood (probability) of occurrence and their imp
J Company is a retailer of fashion goods operating in a highly competitive market place. The Board of the company has given the go-ahead to redesign the company's website to make i
What are the benefits to an organisation of having a Project and Programme support office? The major advantages to an organisation by having a Project and Programme support off
QUESTION Risk is inherent to all projects. With increasing market competition, technology and globalisation, risk management is continuously gaining wider acceptance and import
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