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Advantages of FMS
Steps of Heuristic Method The heuristic approach involves following procedural steps: Identify the work ( job) Break down the work into elemental tasks or steps for
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
How is Inventory control worked for an optimum balance between competing objectives? Inventory control is related with achieving an optimum balance in between two competing obj
What are the uses of Cost Benefit Analysis? Generally, this technique (complex cost benefit analysis) is advocated for use within decisions on public projects, wherein social c
How can management get more number of goods? Management can get more number of goods (output) though the similar amount of resources input as given below: • Through reducing
why is project cost considered the most important factor in project management?
Explain about the budgeting process in risk management. The budgeting process: A budget is a quantified or forecast plan of action. A quantified financial plan of action
Question 1: (a) Identify and explain the major roles of a Project Manager with illustrations where necessary. (b) Identify and Explain the different types of Project Organ
How many various types of customer may there be for a systems development project? Who are they? Depending onto the exact project, the ‘customers’ could comprise some or all o
Question: a) ‘Changes in the competitive environment in which majority of organisations operate has necessitated a major rethink of the ways in which projects are managed'(Harv
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