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Audits
Audits are independent examinations to determine whether processes and procedures achieve the specified objective. They are an essential tool to identify problem areas. Audits are conducted to access the progress of a project. Regular auditing is done to ensure that the project's outcome is in par with the project objectives. Using a standard assessment tool to asses a project may not provide accurate results because many teams and organisational resources will be involved in the execution of a project. Project management auditing is an honest assessment of individual and team performances and their ability to achieve both short-time and long-time targets.
Define the term Earned Value Management in short. Earned Value Management (EVM): Earned Value Management (EVM) is a project management system which combines schedule and
Q. Market Strategy Development? Market strategy development would require the study of the markets for potential consumers. It would also involve the study of the market for e
numericals
Explain about the term project planning document. A project planning document (PPD): Project planning document will usually consist of a project technical and resource pl
Factors affecting Process Design - Degree of Automation The degree of automation to be adopted and integrated into the production system is a key issue in process design,
Define the inventory procurement cost and inventory carrying cost. Inventory Procurement Cost and Inventory Carrying Cost: Inventory is a detailed list of such movable it
Critique of two project management tools
Project management Process According to PMBoK, project management is the application of knowledge, skills, tools and techniques to project activities in order to meet or exceed
C y c le Time Optimisation Cycle time optimisation is an operating philosophy of maximising the efficiency of the sub optimal value-added activities while reducing the non-
Explain the advantages AND disadvantages of having a matrix structure for managing a project. For projects that require a range of skills and involvement of staff from dissimil
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