Explain project management-scope-time-cost-quality and risk

Assignment Help Project Management
Reference no: EM1382244

How do five major variables of project management-scope, time, cost, quality, and risk-relate to this scenario? What considerations should be applied when choosing projects which deliver the best business value? Write down factors which influence project risk? Write down strategies would you suggest for minimizing this project's risks?

Reference no: EM1382244

Questions Cloud

Define the term de facto corporation and list the terms : Define the term de facto corporation and list the 3 terms that must exist in order for it to exist. Define the term corporation by estoppel.
Pharmaceutical mixing tank : In year one, a pharmaceutical mixing tank had a market price of $120,000. It replaced an older smaller mixing tank that had a BV of $15,000.
Polygamy-american values-modern society : On April 3, 2008 authorities raided the group calling themselves Fundamentalist Church of Jesus Christ of Latter Day Saints or FLDS in Eldorado, Texas.
Components of ownership : The IIT components of ownership cost based on average annual value are: Tax-3%, Insurance -4%, and Interest-7%. a) What is the average annual value?
Explain project management-scope-time-cost-quality and risk : How do five major variables of project management-scope, time, cost, quality, and risk-relate to this scenario? What considerations should be applied when choosing projects which deliver the best business value?
What traits dos ajay exhibit that have helped : What traits dos Ajay exhibit that have helped him to get this far? Are these the knowledge, skills, and abilities needed by good entrepreneurs?
Major component of socialism : Critically discuss the major component of socialism, talk about its goals, and discuss why some countries have developed democratic socialism in response to some of its shortcomings.
What is the null hypothesis : Is the mean Hemoglobin level of a group of high-altitude workers different from 16g/cc and does the mean speed of 50 cars as checked by radar on a I-70 differ from 65mph?
Study of intraspecific aggression : In a study of intraspecific aggression, an experimenter finds that 16 out of 23 animals tested in species A exhibit aggression, while only 6 of 25 are aggressive in species B.

Reviews

Write a Review

Project Management Questions & Answers

  Annual sales figure when evaluating project

Explain what is the amount to use as the annual sales figure when evaluating this project - introduce a new portable camper

  Risk control planning

Risk control planning - produce a risk register and at a minimum, each risk must be assessed qualitatively

  Proper operation strategy changes for companies

Why does the "proper" operation strategy keep changing for companies that are world-class competitors?

  Find issues within the organization

Find issues within the organization and examine and delimits each issue

  Question about project choices

The new financial analyst does not like the paybak approach in - 35091 - and evaluates that the firm's required rate of return is 15

  What is the primary focus of the functional manager

Functional Manager - What is the primary focus of the functional manager

  Project management - the life of a project

Project Management - The Life of a Project - Locate a Website that provides suggestions for developing effective proposals and explain and comment on the information presented on this site.

  Describe the business problem

Describe the business problem and parties involved in conducting the research, and find the methods used to conduct the research project.

  The maker of the world famous chocolate chip cookies needs

the maker of the world famous chocolate chip cookies needs to design a product layout for a new product, mint chocolate chip. the company plans to use this new production line eight hours a day in order to meet projected demand

  Choice of an epistemological perspective or stance influence

In what ways does the choice of an epistemological perspective or stance influence the formulation of a management research problem?

  Computing number of weeks take to complete the project

What is the critical path? How many weeks will it take to complete the project?

  Create a wbs and a wbs dictionary

Essay Question: You have been assigned to a new innovative project in your organization. The scope has been completed. You next need to create a WBS and a WBS dictionary. What information should be contained in a WBS dictionary?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd