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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.
Backward Integration A strategy in which an organization builds competitive benefits by controlling the provider of the raw materials needed to make its products.
Risk Management Responsibilities Each and every person in the project team has a responsibility of performing a particular task and must indulge in risk management process. T
Suppose you are the project manager of a new management accounting system which will give monthly profit and loss accounts to a series of 30 computer dealerships, each of this is f
All the persons working in the organization ( inducing managers and workers ) should be involved in TQM operation if it is to serve its purpose fully. TQM is a strat
Project stages A project may consist of one or more stages depending on the size of the project, its nature and client needs. Each stage has several tasks. Possible stages
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
Question: (a) The purpose of Project Monitoring and Control is to evaluate and provide an understanding of the evolution and progress of a project. This enables measurement of
Illustrate the examples of Work and Cost breakdown structure, which can aid budgeting planning? Illustrations of how WBS or CBS can aid budgeting planning: • Staff hours for
Roles of Management Management roles have been grouped into three major groups: 1) Interpersonal roles: which involves the manager collecting and disseminating informati
external factors affecting scheduling
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