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Q1) What are the benefits of project management? Provide an example of how you have relied on project management. Based on your readings, how can you improve your project management skills?
Q2) What is meant by project control? What are some tools and mechanisms that we can utilize to ensure projects are in control?
What are the risks (adverse effect) that are introduced by this change in plans?
How does this change the degree of operating leverage? Now recompute the operating leverage assuming that the entire ¥ 33 billion of costs are fixed.
Fully explain and describe the functions and necessary characteristics of an effective project manager.
Develop a policy that is specific for reducing the hazard/incident.
Mike Singletary, president of Singletary industries, wishes to issue a press release to bolster his company's image and maybe even its stock price which has been gradually falling. Who are the stakeholders in this situation?
Determine the critical path and project duration.
Stakeholders may not communicate as frequently or politely as a project leader prefers.
How much flexibility do project managers typically exercise in situations like this?
Now suppose the equipment gets sold for $30,000 in five years. What is the project's terminal year cash flow now?
How does the development of project software compare to other methods of scheduling.
How can scope creep and feature creep kill a project?
Taking a cue from the above, planning is a scrupulous effort that needs to be well documented in order for projects to succeed.
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